MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rand Appreciates Amid Light Local Headline Flow

ZAR

Spot USD/ZAR trades on a slightly softer footing, but has so far struggled to breach recent cyclical lows. The rate last deals at ZAR18.1358, down ~590 pips on the session, with bears looking for a sell-off past the psychological ZAR18.00 figure. On the topside, the focus is on ZAR18.7338, the 20-EMA.

  • The aggregate BBG Commodity Index sits ~0.6% below neutral levels, pausing the earlier two-day sharp rally. The precious metals subindex is ~0.3% weaker on the day, although it has clawed back some of its earlier losses.
  • Local headline flow has been rather limited, with tomorrow's CPI data providing the next key risk event. Headline inflation may have eased to +6.5% Y/Y in May from +6.8% prior, according to a Bloomberg survey.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.