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The rand weakened on Wednesday as investors took profits after a two-day rally. It slipped 0.46% to 13.72 per dollar, moving away from a six-week high of 13.56.
Government bonds also weakened.
A weaker rand raises the local-currency cost of dollar-priced grain and feed imports for South African buyers. The move was a profit-taking pullback rather than a new fundamental shock.
moneyweb.co.zaMfuneko Toyana, ReutersNov 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.
