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The rand fell about 6% against the dollar over the past month, its biggest monthly drop in a year, as the escalating US-China trade war hit emerging-market assets. Eskom's problems also raised concerns about South Africa's fiscal outlook.
Historically the rand has often rebounded in September after an August slump.
The sharp rand depreciation makes dollar-priced feed ingredients more expensive for South African buyers, and a September rebound would ease that pressure.
moneyweb.co.zaRobert Brand, BloombergAug 31, 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.
