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The rand was on track for weekly losses above 3% as expectations of Fed tapering lifted the US dollar against riskier assets. Risk sentiment also soured over the spread of the Delta coronavirus variant.
A weaker rand raises the local cost of imported feed for South African buyers, and tighter global financial conditions can pressure commodity demand.
brecorder.comReutersAug 20, 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.
