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The rand firmed to about 14.58 per dollar on December 4 as Trump described trade talks with China as going very well. South Africa's third-quarter GDP contracted 0.6%, a surprise that raised fears of credit downgrades.
A firmer rand eases the local cost of imported feed, while the US-China trade optimism supports agricultural demand sentiment.
moneyweb.co.zaMfuneko Toyana, Naledi Mashishi, ReutersDec 4, 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.
