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An economic commentary says South Africa has rejoined the emerging-market group, with the JSE and the South African component of the EM index gaining over 40% in dollar terms since January 2017. The rand is about 4% stronger than a basket of emerging-market peers, helped by a weaker US dollar.
A weaker dollar and stronger emerging-market currencies lower dollar-denominated import costs for emerging-market feed buyers. The commentary points toward possible South African rate cuts but has no direct effect on feed commodity prices.
zaeconomist.comAuthor Brian KantorJan 30, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
