Free Trial

Recovery in DXY Fuels Uptick in USDZAR

ZAR

Despite the DXY index still dealing in negative territory, the yield-inspired recovery off lows is fuelling the most recent uptick in USDZAR, which has extended its gains to over 0.8% on the day. Price now sits above pre-budget levels, with the week’s highs of 19.0797 within close proximity and the rand tracking as comfortably the poorest performer in the EMEA region at typing. Beyond this, bulls may target the Jan 22 high of 19.2180.

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.