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A PSG fund manager argues the rand may stay stronger than expected for a sustained period, even though many local managers see it as overvalued. He notes that purchasing power parity suggests the currency is undervalued and that South African bonds and equities remain attractive.
This is opinion on currency direction with no new supply or demand shock, so it has little direct effect on feed commodity prices.
fanews.co.zaLyle Sankar, PSGMay 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.
