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The rand weakened against the dollar on Thursday as commodity prices retreated and the greenback gained on expectations of higher US inflation and growth. Lonmin shares fell more than 20 percent after below-forecast quarterly production.
A firmer dollar and softer commodity prices pressure emerging-market currencies, while the company-specific platinum miss has no meaningful feed-market effect.
moneyweb.co.zaTiisetso Motsoeneng, Olivia Kumwenda-Mtambo, ReutersJan 26, 2017moneyweb.co.zaMfuneko Toyana, ReutersJan 26, 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.
