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The rand fell more than 1.5% on Monday after the Public Protector recommended constitutional changes that would make economic growth the primary goal of the South African Reserve Bank. Government bond yields rose and the central bank said it was studying the report.
Concern over central bank independence weakens the rand and raises the local cost of imported feed ingredients. The effect on global feed prices is limited.
moneyweb.co.zaReutersJun 19, 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.
