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J.P. Morgan expects the South African rand to stay soft ahead of the February 26 budget, as investors await how ratings agencies will respond.
Moody's is due to give its next verdict on March 27. JP Morgan forecasts 0.7% growth for South Africa in 2020.
Sovereign rating risk keeps the rand volatile, which affects the local cost of imported feed ingredients priced in dollars.
poundsterlinglive.comNews, Data, ForecastsJan 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.
