Loading…
The rand dropped as much as 1.9% against the dollar, the most among emerging-market peers, after President Trump asked the Secretary of State to study South African land seizures. The move halted a four-day winning streak, and South Africa's foreign ministry said it would seek clarification from the US embassy.
Fears of US sanctions on South Africa weaken the rand, raising the local-currency cost of dollar-priced feed imports.
moneyweb.co.zaColleen Goko, BloombergAug 23, 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.
