Loading…
An analysis of JSE futures data shows a sharp rise in open USD/ZAR contracts on Monday 27 March, the day President Zuma recalled Finance Minister Gordhan from London. The author suggests the pattern points to large positions taken ahead of the news.
The story concerns rand positioning around a past political shock rather than a new cause, so its direct effect on feed prices is limited.
krutham.comColin AnthonyMay 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.
