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The rand strengthened to R17.31 per dollar, its strongest level since March 27, as optimism about global economic recovery lifted sentiment. Analysts noted US-China tensions over Hong Kong but said markets were looking past them.
South Africa announced a further lockdown easing from June 1.
A firmer rand lowers the local cost of imported feed inputs for South African buyers, while risk-on sentiment supports broader commodity demand expectations.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersMay 26, 2020moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersMay 28, 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.
