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10Y Outflows Drag USD/ZAR Towards 15.50

SOUTH AFRICA
  • USD/ZAR continues to drift higher on broad-based risk aversion towards 15.4326 resistance
  • 10Y leading the outflows +9.4bp, and losses across the curve +2.1-3.2bp in 2Y & 30Y tenors
  • swaps also mirroring bond market price action
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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