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USD/ZAR bounced off nine-month lows near 15.10 on Wednesday after October CPI rose 0.3% month on month and 3.3% year on year. The South African Reserve Bank had kept its policy rate at 3.5% and hinted at further easing.
This is routine FX commentary driven by EM flows and precious metals, with no direct effect on feed commodity supply or demand.
octaafrica.netNov 25, 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.
