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USD/ZAR 1m Risk Reversals Nosedive Towards Jan Levels

SOUTH AFRICA
  • USD/ZAR 1m risk reversals taken a sharp leg lower this morning to head back to the Jan lows -potentially suggesting more faith in the move below 15.00
  • Implied option probability of USD/ZAR being below 14.90 in 1w stands at 41.4% vs 32.8% of being above 15.10 in one week

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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