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The rand weakened to 13.2112 per dollar as traders held positions ahead of South African consumer price data and the US Federal Reserve's Jackson Hole conference. Shoprite rose after beating estimates, and the JSE indices gained.
Pre-data caution leaves the rand softer, which slightly increases the local cost of imported feed. The move is routine and has little effect on global feed prices.
cbn.co.zaArticle by: Cape Business NewsAug 27, 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.
