Loading…
The rand weakened early on Thursday to 15.5350 per dollar, its softest level since the prior Friday, ahead of a Reserve Bank rate decision. Poor September retail sales data and renewed safe-haven dollar demand weighed on the currency, and credit rating reviews were due on Friday.
Rating-driven rand weakness is a macro event with no direct feed price implication, though it could move South African import costs.
moneyweb.co.zaMfuneko Toyana, ReutersNov 19, 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.
