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The rand weakened on Tuesday after S&P said South Africa needed stronger growth to escape junk status. Markets priced an 89% chance of a 25 basis point SARB rate cut at the following day's meeting.
A weaker rand driven by ratings commentary modestly raises the local cost of imported feed inputs, though the move was small and the story is mainly about currency sentiment.
sabcnews.comRaymond AkambyMar 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.
