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The rand was flat early on Monday after a strong gain on Friday, when Fed Chair Powell said tapering could begin this year but would not directly signal rate hikes. Traders were also awaiting South African budget, trade and PMI data that week.
Currency moves tied to US policy expectations affect the rand's purchasing power for imported feed, but the move is small and does not change global feed supply or demand.
brecorder.comReutersAug 30, 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.
