Loading…
The South African Reserve Bank held its repo rate at 3.5% on March 25, 2021, as widely expected. The MSCI emerging-market currency index was on track for its longest losing streak of 2021 as a stronger dollar, rising U.S. yields and new European lockdowns weighed on developing currencies.
Broad emerging-market currency weakness raises the local cost of dollar-priced grain and oilseed imports for importers in these markets. The move is largely driven by dollar strength rather than by a change in grain fundamentals.
cnbcafrica.comReutersMar 25, 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.
