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The rand strengthened on Wednesday, pushing USD/ZAR to around 14.63 after South African consumer inflation came in above expectations at 4.3% year on year in August. Investors were divided ahead of the SARB decision on rates the next day.
Currency moves tied to local inflation and rate expectations affect the cost of imported feed ingredients priced in dollars for South African buyers.
octaafrica.netSep 18, 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.
