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FOREX

USD/CAD Continues to Test Key Support

SOUTH AFRICA
  • Local rates continue to bear steepen, with 10Y yields approaching prior highs at 8.84.
  • 30Y trading well above 11.00 support.
  • Front end flat, but near term trend stilted slightly lower.
  • Focus on the SARB this week, where broad expectation remains for a hold.
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