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Rand Tad Firmer With Greenback In Driving Seat

ZAR

USD/ZAR has generally clung to the coattails of the BBDXY over the past two days and has edged lower this morning accordingly. The rate last deals at 18.9755, a touch lower on the day, with bears looking for a dip through Sep 20 low of 18.6825, while bulls eye Oct 6 high of 19.6399 for resistance.

  • The aggregate BBG Commodity Index has added ~0.6% today, with the precious metals subindex up ~0.9% at typing.
  • SAGB yields have inched higher across the curve, with 10-year breakeven inflation rate last seen at 7.04%.

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