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The rand fell sharply in late July after Moody's warned that the government's plan to rescue Eskom with R59bn in additional funding threatens South Africa's credit rating. USD/ZAR crossed 14.
Standard Bank kept its bullish rand forecast.
A credit downgrade risk and a weaker rand would raise the dollar cost of imported feed ingredients for South African buyers.
poundsterlinglive.comJames SkinnerJul 26, 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.
