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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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Free AccessUSD/ZAR Drifts Higher, GDP & Local Politics on the Radar
- USD/ZAR opens higher on the back of a firmer dollar and weaker risk sentiment across APAC.
- Commodities continue to ease lower: gold -0.12, platinum -0.36%, and the T40 index trades at -0.34%.
- Local focus this week on SA GDP and internal political ructions over the Public Protector accentuating ANC factional divisions.
- USD/ZAR remains biased higher after breaking the long-term bear channel pattern last week.
- US treasury yields continue to cause an unwind in EM FX, and will be monitored closely this week with US CPI due Wednesday.
- Intraday Res1: 15.5108, Res2: 15.6625, Sup1: 15.2625, Sup2: 15.2116
To read the full story
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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.