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The rand rose more than 3% against the dollar in the week, reaching 14.45 after President Ramaphosa's State-of-the-Nation address outlined economic reform plans, including measures for the power utility Eskom. The gains were also supported by Fed rate-cut expectations and the US-China trade truce.
A stronger rand lowers South African import costs for feed ingredients, though the effect on global feed prices is minimal.
poundsterlinglive.comJames SkinnerJun 21, 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.
