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The rand has been among the world's top-performing currencies in recent weeks, supported by high real yields after the feared Moody's downgrade did not occur. Analysts say the currency is overbought and exposed to reversal, with high oil prices a risk to inflation.
An overbought rand that is vulnerable to reversal could weaken and raise South African import costs. The effect on global feed commodity prices is small.
exchangerates.org.ukFrançois AuréDec 29, 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.
