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The rand steadied after slipping to a seven-month low of 13.9375 per dollar on Wednesday, its weakest since late November. Broad dollar gains and conflicting US signals on restricting Chinese investment kept markets on edge.
Nedbank flagged possible support near 13.74-13.76 and resistance around 14.00.
A weak rand lifts the local-currency cost of imported feed and energy, while the trade-war backdrop reinforces firm dollar strength that pressures emerging-market buying power.
sapeople.comSAPeople ContributorJun 28, 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.
