Loading…
Investec economists expect the rand to extend its rally in March, supported by Trump's decision to delay tariff increases on Chinese goods and a more patient Federal Reserve. They warn that Moody's could downgrade South Africa's rating at the end of the month, which would weigh on the currency.
A firmer rand would ease the local cost of dollar-priced feed imports, but a credit downgrade would likely reverse that gain and raise financing costs.
poundsterlinglive.comJames SkinnerFeb 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.
