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The rand opened weaker on Tuesday above 18.00 per dollar, with the 10-year bond yield rising 7 basis points to 11.66%. Pressure on emerging-market currencies added to the effects of Moody's downgrade of South Africa to junk.
Continued rand weakness keeps local import costs elevated and reflects emerging-market risk aversion that can spill over into other dollar-priced feed inputs.
moneyweb.co.zaMfuneko Toyana, ReutersMar 31, 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.
