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The rand opened weaker on Monday as investors assessed the economic impact of China's coronavirus outbreak. It traded at 14.48 per dollar, 0.59% lower than Friday's New York close.
Global markets fell and demand for safe-haven assets rose.
Risk-off flows and weaker expected Chinese demand for commodities push up the dollar price of imports for South African feed buyers.
moneyweb.co.zaTanisha Heiberg, ReutersJan 27, 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.
