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Goldman Sachs strategists say the rand should stay well supported in coming weeks, as it has been the best-performing emerging-market currency over the past month and week. They flag the February budget and May general elections as the main risks.
Continued rand strength lowers the local-currency cost of dollar-priced feed ingredients for South African buyers. Political and budget risks could reverse the trend, adding uncertainty to import costs.
poundsterlinglive.comNews, Data, ForecastsJan 28, 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.
