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The rand extended losses alongside other emerging-market currencies on concerns about slowing global growth. Traders are awaiting the SA Reserve Bank rate decision and Moody's credit rating announcement on Friday, with experts expecting Moody's to keep its outlook unchanged.
Currency weakness amid global growth concerns raises the local cost of imported feed inputs for South African buyers, with little direct effect on world grain prices.
sabcnews.comYolanda MhlathiMar 25, 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.
