Loading…
The South African rand rose 0.4% to 14.06 per dollar on the last trading day of 2019, holding gains from prior sessions on global yield-seeking and optimism over a US-China trade breakthrough. Stocks ended 2019 lower along with other emerging markets as investors took profits.
A firmer rand lowers the rand cost of imported feed ingredients such as soymeal and corn for South African buyers, while thin year-end trading limits the signal.
moneyweb.co.zaMfuneko Toyana, Tanisha Heiberg, ReutersDec 31, 2019Not 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.
