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South Africa's rand and stocks edged up on the final trading session of 2018, buoyed by hints of progress in US-China trade talks. The rand traded near 14.36 per dollar, but both assets still finished the year with heavy declines, with the rand down nearly 15% against the dollar.
A weaker rand raises the local cost of imported feed inputs such as soybean meal and corn for South African buyers, while easing trade-war fears modestly supports emerging-market currencies.
sabcnews.comRaymond AkambyDec 31, 2018Not 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.
