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Emerging-market buyers pushed up beaten-down currencies including the rand and rouble on Thursday, lifting the main global EM stocks index to a three-week high. The Turkish lira weakened after the government's economic plan disappointed investors, and the rand was up 1.5% to 14.45 per dollar.
Emerging-market currency moves change the local-currency cost of imported feed for buyers in those markets. The rally is sentiment-driven and selective, so it does not signal a change in feed supply or demand.
moneyweb.co.zaMarc Jones, ReutersSep 20, 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.
