Loading…
Credit Suisse raised its short-term USD/ZAR target to 15.00 from 14.60, expecting the pair to range-trade as the rand's sensitivity to U.S. yields declines. The bank said a break below 14.40 or above 15.60 would require a major change in the global picture.
The forecast points to a rand that stays broadly stable around 15 per dollar, so import costs for South African feed buyers are unlikely to shift sharply in the near term.
octaafrica.netMar 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.
