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South Africa's rand weakened early Monday after President Ramaphosa tightened COVID-19 restrictions for 14 days amid a third wave of infections. The rand traded at 14.18 per dollar, 0.37% weaker than its prior close.
Tighter lockdown measures weigh on an already faltering South African economy and can dent demand for feed and grain imports, while a weaker rand raises local-currency costs for imported feed ingredients.
reuters.comJun 28, 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.
