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Market Snapshot: ZAR Gains 1%, Stocks & Bonds Fall

SOUTH AFRICA
  • USD/ZAR making another test of its 50dma in today's session on the back of USD selling pressure
  • The cross continues to trade in line with USD-side drivers, while SAGBs slide into the red on higher UST yields
  • 2Y +1.7bp, 10Y +5.9bp, 30Y +2.1bp
  • Top40 trades -1.51% lower with miners and Naspers/Prosus dragging the index lower
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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