Free Trial

The Rand continues defensive following.........>

RAND: The Rand continues defensive following yesterday's soft GDP readings and
recession fears. The stronger dollar theme improves USDZAR to Zar15.407 and seen
approaching resistance from the Aug13 ytd high at Zar15.5517, a break here can
look to challenge the key Zar16.000 area (Zar15.9823 - May19 2016 high). EM's
expected to struggle in the short-term amid the threat of an escalating trade
war and firmer USD.

To read the full story



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.