Loading…
The rand slumped to lead emerging-market currency declines as investors fled riskier assets, following weak GDP data. Analysts at Nedbank and Nomura pointed to a dollar-liquidity squeeze and domestic drivers, and Manulife said a move above 14 would be overdone.
Rand weakness raises the cost of imported feed ingredients for South African buyers, and the selloff reflects dollar strength that makes dollar-priced commodities more expensive locally.
moneyweb.co.zaColleen Goko, BloombergJun 8, 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.
