Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
- Global risk conditions seem to be on the firmer side today with EM FX gaining against the greenback, while equity indices trade in positive territory.
- Global FI, however, remains under pressure on line with higher UST yields following hawkish overnight remarks from ‘Powell.
- USD/ZAR has dipped below last week’s lows at 14.8548 on the back of USD weakness, despite a downturn in commodity prices: Gold -0.50%, Platinum -1.74%.
- Next support seen at 14.7634, followed by 14.6539 & 14.5639. GBP/ZAR is also testing key support at 16.3106, & EUR/ZAR at 19.50.
- SAGBs have trimmed early weakness, but remain +4-7-9.0bp higher on the day in 10-30Y tenors with the 10Y most offered.
- Stocks remain on the front foot with the Top40 Index up +1.56%, with banks and miners leading the way. Anglo American +9%, BHP Group +5.83%.
EUR/ZAR
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok