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The rand has recovered about 8.3% from its record low at the start of lockdown, trading near R17.69 per dollar. Commentators cite hopes of a coronavirus vaccine, firmer commodity prices and risk assets, and lower market volatility as drivers.
Investors remain cautious about the recovery.
A recovering rand lowers the local cost of imported feed ingredients, though gains are tied to fragile risk sentiment that could reverse.
thesouthafrican.comTom HeadMay 22, 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.
