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The rand fell more than 1% on 28 May as Sino-US trade tensions weighed on sentiment, trading at 14.59 per dollar. South African bond yields rose and local equities slipped.
Currency weakness lifts the rand cost of imported feed inputs. The decline mainly reflects global trade-war risk aversion.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersMay 28, 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.
