Loading…
The rand strengthened marginally on December 30 to 14.65 per dollar as the dollar hit a two-year low. Investors weighed new lockdown measures against US stimulus news that has regularly boosted the currency.
A weaker dollar and firmer rand reduce the local cost of imported feed inputs for South African buyers. The move is small and does not change global feed supply or demand.
brecorder.comReutersDec 30, 2020Not 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.
