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Capital Economics says the rand's recent rally has ended, with the currency weakening against the dollar by more than other emerging-market peers this month. It expects the rand to keep falling later in the year.
A forecast of continued rand weakness raises the local-currency cost of imported feed inputs for South African buyers, though the effect on global commodity prices is minor.
capitaleconomics.comCapital Economics EconomistApr 27, 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.
