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The rand slipped 0.8% to 14.97 per dollar on March 12, 2021, as rising U.S. Treasury yields hurt global risk appetite. The currency was still more than 4% stronger than at the start of the week.
Rising U.S. yields pull capital from high-yielding currencies, which can raise the local cost of dollar-priced imports. The move is a currency story and does not change grain supply.
brecorder.comReutersMar 12, 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.
