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The rand fell the most among emerging-market peers after Finance Minister Tito Mboweni outlined higher fiscal deficits in a Cape Town speech. He also warned that state revenue would continue to undershoot forecasts.
The rand had snapped three days of gains.
A larger fiscal gap and weaker rand raise South Africa's import costs for feed ingredients and increase the risk of a sovereign downgrade.
bloomberg.comPaul WallaceNov 1, 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.
