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The rand held steady near a four-week low after Fitch lowered its outlook on South Africa's sub-investment-grade rating and Moody's called the Eskom support plan credit negative. Attention moved to the Fed decision and local employment and trade data.
Fiscal and rating pressure weakens the rand and can raise the dollar cost of imported feed inputs.
africanleadershipmagazine.co.ukJul 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.
