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The rand paused its rally on Wednesday and traded sideways ahead of South Africa's October inflation data. It had risen more than 2.5% since Monday on improved global risk appetite and higher commodity prices.
The Reserve Bank was widely expected to hold its repo rate at 7% the next day.
Trading was range-bound and driven by data flow, so the move carries little direct price signal for feed. Stable rand levels keep import costs for dollar-priced feed ingredients steady.
moneyweb.co.zaMfuneko Toyana, ReutersNov 23, 2016Not 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.
