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The rand fell as much as 1.6 percent on Monday alongside the rouble, pressured by weaker commodity and oil prices and by reports of a cabinet reshuffle. Emerging-market currencies broadly declined.
Lower oil and commodity prices combined with a weaker rand signal softer risk sentiment, with limited direct impact on feed commodity prices.
businessreport.co.zaWiseman KhuzwayoJan 31, 2017Not enough comparable past events yet for a historical read.
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.
