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A Reuters poll of 30 currency strategists found the rand has recovered from its February-March slump and is forecast at 14.20 per dollar in 12 months, weaker than the 13.85 forecast in the prior poll. Analysts cited US-China trade tensions, power blackouts, rating reviews and May elections as risks.
Forecasts of a weaker rand than previously expected would raise South African import costs for feed ingredients, a modest cost factor for local buyers.
moneyweb.co.zaVuyani Ndaba, ReutersMar 7, 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.
