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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.
SOUTH AFRICA
- USD/ZAR 1m risk reversals have seeming made a consolidated break of the psychological 2.00 support level this morning – reflecting reduced demand for upside protection in USD/ZAR.
- This marks a new yearly low with the September & July 2020 levels coming into focus at 1.7858 & 1.5275 respectively.
- The recent rally in USD/ZAR starting on 20 October did little to push 1m riskies higher, which have maintained the lower course since peaking around 3.00 in July on the social unrest that gripped SA.
- ZAR riskies have diverged from peers Russia & Turkey this week, which have both eked out small gains since Monday – with Russia coming off Fresh YTD lows in October, while Turkish RRs have maintained an upward course since the early October in the lead-up to the CBRT.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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