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The rand has outperformed other emerging-market currencies since August 20, recovering from a five-month low against the dollar. The rebound followed easing concerns about Fed tapering, a revision that lowered South Africa's debt-to-GDP ratio, and a cautious tone from Fed Chair Powell at Jackson Hole.
A stronger rand lowers the local-currency cost of imported feed ingredients for South African buyers, though the effect on global feed prices is minor.
moneyweb.co.zaBloombergAug 31, 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.
