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The rand strengthened against the US dollar on Monday as the dollar softened and oil prices eased. Brent crude fell 3.85% to $109.06 a barrel, and gold rose to about $3,900 an ounce.
Investors are focused on a week of US and South African political and economic events.
A firmer rand and lower oil reduce import costs for South African feed and energy buyers, but the impact on grain and feed prices is limited. Oil-linked cost pressure eases somewhat if Iran de-escalation holds.
thenational.co.zaAshley LechmanNov 3, 2026Not enough comparable past events yet for a historical read.
Not 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.
