Loading…
The rand gained more than one percent against the dollar after comments by President Trump and an administration member weakened the greenback. The dollar index fell to its weakest in nearly two months, and South African stocks ticked up, led by gold and platinum shares.
A weaker dollar and firmer resource prices support emerging-market currencies and dollar-denominated commodity prices, which can modestly lift feed ingredient values.
moneyweb.co.zaMfuneko Toyana, Tanisha Heiberg, ReutersJan 31, 2017After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not 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.
