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The rand weakened against the dollar on Tuesday as trade tensions between the US and its trading partners dampened risk appetite. Moody's said South Africa's growth prospects would be limited by weak business confidence and land reform uncertainty, while it kept an investment-grade rating.
Rand weakness on trade-driven risk aversion raises dollar-denominated feed input costs for South African buyers, though the move is driven mainly by domestic credit and growth concerns.
moneyweb.co.zaReutersJun 26, 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.
