EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

MNI: Canada Apr-Aug Budget Deficit Doubles On Spending

CANADA SEPT FLASH RETAIL SALES +0.4%, AUG SALES +0.4%

MNI China Daily Summary: Friday, October 25

MNI BRIEF: China's Next NPC Meeting Scheduled For Nov 4 to 8

MNI: PBOC Net Injects CNY184.2 Bln via OMO Friday

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

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL OCT INDEX 70.5

MNI: BELGIUM OCT BNB BUSINESS SURVEY -12.8

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

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

SOUTH AFRICA: Rand Pares Losses on DBSA Headlines, USDZAR Remains 1.5% Higher

SOUTH AFRICA
EM BulletBulletGlobalEmerging Market NewsRegion
  • A South African state development bank said it signed a cooperation agreement rather than a credit line with Russia’s sanctioned bank after a report from Russia’s Tass state news agency sent the rand tumbling.
  • “We have not signed a credit line,” Boitumelo Mosako, the chief executive officer of the DBSA, said by phone. “It’s merely a cooperation agreement” between members of the BRICS grouping, she said. (BBG)
  • While USDZAR did dip on the news from 17.85 to 17.77 on the headlines, the pair is consolidating around 17.80 as we approach the APAC crossover, holding punchy 1.5% gains on the session.
99 words

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.
  • A South African state development bank said it signed a cooperation agreement rather than a credit line with Russia’s sanctioned bank after a report from Russia’s Tass state news agency sent the rand tumbling.
  • “We have not signed a credit line,” Boitumelo Mosako, the chief executive officer of the DBSA, said by phone. “It’s merely a cooperation agreement” between members of the BRICS grouping, she said. (BBG)
  • While USDZAR did dip on the news from 17.85 to 17.77 on the headlines, the pair is consolidating around 17.80 as we approach the APAC crossover, holding punchy 1.5% gains on the session.