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The South African rand ended stronger on Monday after a volatile session, at about 14.91 per dollar, as fears of contagion from Evergrande's debt problems eased. China's central bank pledged to protect consumers exposed to the housing market and injected cash into the banking system.
Johannesburg stocks were mixed, with the All-Share index up 0.23%.
A firmer rand lowers the local-currency cost of dollar-priced grain and meal imports for South African buyers. Easing China risk also supports demand expectations for South Africa's commodity exports.
financialpost.comReutersSep 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.
