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.
ZAR
Spot USD/ZAR continues to advance even as the BBDXY index has ticked away from its session highs. The rate last deals at ZAR18.5698, up ~2,390 pips on the day, printing its best levels since late March. A clean break above Mar 21 high of ZAR18.6132 would expose three-year highs printed on Mar 8 at ZAR18.7192.
- Energy Minister Gwede Mantashe told parliament that a updated electricity infrastructure plan will be released soon. He noted that it was due for release by the end of March but due to delays will be published "now."
- Local-currency bonds have tumbled across the curve, extending losses in afternoon trade. South Africa's 10-year breakeven inflation rate has soared to a five-month high of 6.72%.
Fig. 1: USD/ZAR vs. BBDXY Index
Source: MNI - Market News/Bloomberg
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