MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Rand Slips, Electricity Minister Comments On Energy Situation

ZAR

Spot USD/ZAR has edged higher and last deals at 19.3970, up almost 1,000 pips on the day. From a technical perspective, a clearance of Oct 6 high of 19.6399 would bring Jun 1 high of 19.9204 into view. On the flip side, bears see Sep 20 low of 18.6825 as their initial target.

  • The aggregate BBG Commodity Index gapped higher at the open and last sits ~1.2% above neutral levels, while precious metals are ~0.8% better off. The commodity complex has been influenced by tensions in the Middle East.
  • SAGB yields are slightly higher across the curve, with South Africa's 10-year breakeven inflation rate last seen at 7.19%.
  • Electricity Minister Kgosientsho Ramokgopa is discussing the implementation of the national Energy Action Plan. Click here to watch his media briefing.
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.