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RUB & ZAR Hit by Risk-Off as EM FI Markets Feel the Brunt of Lifting USTs

EM FX
  • RUB & ZAR slipping against the $ today as commodity currencies feel the pinch of rising UST yields and broad based risk aversion with Local FI selling off again in today's session.
  • No local headlines to justify weakness in RUB & ZAR
  • USD/ZAR Res1: 14.8332, Res2: 14.9078
  • USD/RUB Res1: 74.2086, Res2: 74.4494
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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