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Commerzbank analysts expect the rand to depreciate through 2018 after its strong start to the year, forecasting USD/ZAR to rise about 4% by year end. They cite Federal Reserve rate increases, trade tensions, the Syrian conflict and domestic reform fatigue as risks.
Expected rand weakness raises the rand cost of imported feed ingredients and fuels for South African buyers, while global trade and rate risks may dampen emerging-market demand.
poundsterlinglive.comJames SkinnerApr 17, 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.
