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The rand weakened early Monday to 15.18 per dollar as investors sought dollar safety amid reports the Trump administration was considering financial pressure tactics on China, including possible delisting of Chinese firms from US exchanges. The US Treasury later denied plans to block Chinese listings.
A weaker rand raises the local cost of imported feed inputs and signals risk-off flows into emerging markets, which can pressure South African feed prices and currency-linked import costs.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersSep 30, 2019Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
