Loading…
The South African rand hit a 16-month high ahead of a Moody's review after a weak US nonfarm payrolls report eased expectations of early US rate hikes. Emerging-market assets gained, and the rand traded at 14.0550 per dollar.
Weaker US labour data that pushes down the dollar supports emerging-market currencies, lowering import costs for South African feed buyers.
reuters.comMay 7, 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.
