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The rand weakened to 13.1825 per dollar on Monday, giving back gains from the previous week as the dollar rebounded. Traders stayed cautious ahead of July inflation data and the Fed's annual symposium, while mining stocks rose on firmer industrial metal prices.
A weaker rand modestly raises the local cost of imported feed ingredients for South African buyers. The move is routine and has little effect on world grain prices.
moneyweb.co.zaMfuneko Toyana, Tiisetso Motsoeneng, ReutersAug 21, 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.
