Free Trial

Rand Firms Amid More Loadshedding Reprieve From Eskom

ZAR

Spot USD/ZAR has inched lower, extending yesterday's downswing, as participants eye key data releases from the US. The rate last deals at 18.9176, down ~570 pips on the session, with bears looking for a dip through Sep 20 low of 18.6825. On the topside, the focus falls on 19.6399, which capped gains on Oct 6.

  • Eskom suspended loadshedding until Sunday, when it will publish the next week ahead schedule of power cuts.
  • The aggregate BBG Commodity Index has added ~0.7% this morning but precious metals are generally little changed.
  • SAGB yields sit marginally lower across the curve, with 10-year breakeven inflation rate last seen at 6.92%.

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.