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The rand rose to a new five-month high of about 14.04 per dollar on December 27, as global investors sought higher yields in emerging markets. South Africa's trade surplus widened to R6.1 billion in November.
A firmer rand modestly lowers import costs for South African feed buyers, and the wider trade surplus is a small domestic factor.
moneyweb.co.zaMfuneko Toyana, ReutersDec 27, 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.
