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The rand retreated from its August highs on Wednesday as a large one-off currency order flow appeared to fade. Despite gains in stocks, oil and gold, the rand underperformed other emerging-market currencies.
Traders suggested a large time-weighted average price order had been executed.
Short-lived flow-driven rand moves have little lasting effect on feed import costs. Buyers should watch for a sustained trend before adjusting pricing.
poundsterlinglive.comJames SkinnerAug 26, 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.
