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The rand rebounded as markets digested South Africa's 2020 budget, which proposed cutting the public sector wage bill by 160 billion rand. The currency had been weak for weeks amid coronavirus worries and domestic concerns.
A firmer rand lowers the local-currency cost of imported feed inputs, though the gain depends on whether budget measures reassure investors about the credit rating.
exchangerates.org.ukColin LawrenceFeb 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.
