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The rand gained as investors sought higher-yielding assets while US Treasury yields fell amid political uncertainty around President Trump. Analysts described the rand's rise as an unusual result of risk-currency flows tied to US political instability and a possible government shutdown.
Lower US yields and a stronger rand reduce the local-currency cost of imported feed inputs for South African buyers. The effect on global feed prices is minor.
poundsterlinglive.comJames SkinnerAug 24, 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.
