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The rand fell alongside other risky currencies, commodities and stocks as global markets turned risk-averse. Analysts said USD/ZAR could return to the August high near 15.25.
The rand's losses lifted USD/ZAR back to 15.00 for the first time since September.
A slide toward the August lows would make imported feed ingredients more expensive in rand terms. The move reflects general risk aversion rather than a specific supply shock.
poundsterlinglive.comJames SkinnerOct 27, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
