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The South African rand weakened on Monday, giving up early gains as uncertainty over a US-China trade agreement outweighed relief from S&P's decision to change South Africa's outlook to negative rather than cut its rating. The rand traded about 14.76 per dollar and bond yields rose.
Rand weakness raises the local-currency cost of imported feed ingredients for South African buyers, while trade uncertainty keeps risk appetite and emerging-market flows subdued.
moneyweb.co.zaMfuneko Toyana, Naledi Mashishi, ReutersNov 25, 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.
