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The rand rose after the South African Reserve Bank left its repo rate at 6.5% and signalled rates could stay steady until late 2020. Bond yields rose, supporting the currency.
Steady rates and a firmer rand slightly reduce the local cost of imported feed ingredients, while a weak domestic economy points to a difficult 2020 for feed demand.
poundsterlinglive.comJames SkinnerNov 21, 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.
