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The rand slipped 0.2% to 13.8575 per dollar as fears about the global economy, including the IMF's downgraded outlook and China's slowest growth in nearly 30 years, weighed on emerging-market assets. The Top 40 index fell 0.4%.
Weaker global growth expectations lower demand for commodities and push investors toward safe-haven currencies, which can weaken emerging-market currencies such as the rand. The impact on feed grain prices is small.
moneyweb.co.zaAlexander Winning, Nqobile Dludla, ReutersJan 22, 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.
