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The rand firmed in early trade on December 4 at R15.15 per dollar, extending the previous day's 0.7% gain. The move followed improved global risk appetite, a weaker dollar and optimism over US stimulus talks.
A firmer rand modestly reduces the local cost of imported feed ingredients for South African buyers. The move does not affect global grain prices.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersDec 4, 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.
