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The rand's three-month implied volatility rose for a ninth day, overtaking the Turkish lira as the most volatile currency among global peers. Traders are pricing in the risk of a credit-rating downgrade while awaiting the government's plan to rescue state utility Eskom.
Higher volatility and downgrade risk raise the premium on rand-denominated import costs, making dollar-priced feed purchases less predictable for South African buyers.
moneyweb.co.zaColleen Goko, BloombergFeb 14, 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.
