Loading…
The rand fell more than 1% after South Africa's current account deficit widened to 3.5% of GDP in the third quarter, with bonds and stocks also declining. The rand traded at 14.08 per dollar.
A widening current account deficit increases the rand's vulnerability to capital outflows, raising the local cost of imported feed commodities.
moneyweb.co.zaNomvelo Chalumbira, ReutersDec 6, 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.
