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The rand fell to its weakest level since August 20 as emerging-market currencies sold off on concerns about the US-China trade truce, Turkey's financial crisis and Argentina's peso crash of over 7%. Stocks opened lower after MTN tumbled 23% when Nigerian authorities ordered it to address a dispute.
A weaker rand raises the dollar cost of South African imports, including feed ingredients, and signals broader risk-off flows that can pressure emerging-market feed buyers' currency costs.
moneyweb.co.zaMfuneko Toyana, ReutersAug 30, 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.
