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The rand firmed to about R16.64 per US dollar on Monday, from R16.70 earlier in the session. Absa's October manufacturing PMI rose to 49.6 from a revised 48.7 but stayed below the 50 threshold, with new orders at 46.8.
Vehicle sales rose 10.4% year on year.
The PMI data points to a still-soft South African manufacturing sector, which can weigh on domestic demand for animal feed. The currency move is small and has little direct effect on feed prices.
fxnews.aiFXNews News DeskNov 2, 2026Not 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.
