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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Positive Budget Supports ZAR, Negotiation Unions the Next Hurdle
- USD/ZAR trading higher at the open, having failed to close below 14.50 in yesterday's session.
- Yesterday's budget has been received well across the board and should be ZAR supportive, provided Govt manages to follow through on fiscal consolidation targets in the face of overwhelming union pressure.
- ZAR continues to be vulnerable to rising US real yields, similar to other high-yielders, but continues to shine as a brightspot in the EM space.
- Commodities softer this morning: gold -0.78%, platinum -0.58% as markets dial in on US GDP today.
- PPI data also in focus at 0930GMT expected to tick up slightly, reinforcing SARB's broadly hawkish posturing.
- Sup1: 14.1526, Sup2: 14.4158
To read the full story
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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.