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USD/ZAR traded near 14.25 as the rand gave back earlier gains. South Africa's Q2 unemployment rate rose to 29.0% from 27.6%.
The rand had met resistance near 13.80 after the SARB cut its key rate to 6.50%.
Currency moves of this size have little direct effect on feed prices, though a weaker rand can raise the cost of imported inputs for South African buyers.
octaafrica.netJul 30, 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.
