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Economists say the rand's recent strength reflects a global search for yield and emerging-market sentiment rather than South African policy. Portfolio flows into local bonds have been strong this year, while equities have seen outflows.
Currency strength driven by global flows can reverse quickly, so it offers limited support to local feed input costs. It does not reflect improved domestic fundamentals.
mg.co.zaLynley DonnellyApr 28, 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.
