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The rand firmed early on Monday as investors chased high yields after S&P kept South Africa's sovereign rating while moving its outlook to negative. The rand was about 14.68 per dollar and bonds gained.
A firmer rand lowers the local cost of imported feed inputs, although the effect is limited because the rating was not cut.
clubofmozambique.comCharlesNov 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.
