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A Reuters poll of up to 39 strategists expects the rand to weaken almost 8% to 14.43 per dollar within a year. The forecast reflects difficulty controlling public spending and the possibility of rapid US interest rate rises.
Currency strategists also flagged the risk of further credit rating downgrades.
A weaker rand would raise the local-currency cost of dollar-priced feed ingredients imported by South Africa. Forecasts like this can shift import hedging decisions, though they do not directly change supply.
moneyweb.co.zaVuyani Ndaba, ReutersFeb 7, 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.
