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The rand firmed nearly 1.5% to 13.30 per dollar after a court ruling disqualified North West ANC branches, which traders viewed as favourable to Ramaphosa. Investors also cut long dollar positions amid tight liquidity.
The rand's move reflects political and liquidity factors rather than commodity fundamentals. It has minimal direct effect on feed prices.
moneyweb.co.zaMfuneko Toyana, ReutersDec 15, 2017Not 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.
