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The rand was slightly weaker ahead of South Africa's July producer price index release, which was forecast to rise 1.7%. The currency had already slipped after June's consumer price data, which left room for further central bank rate cuts.
Government bond yields were marginally higher.
Routine rand moves ahead of inflation data have little direct effect on feed prices. Any rate-cut expectations could weigh on the rand and raise import costs slightly.
moneyweb.co.zaAlexander Winning, ReutersAug 27, 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.
