Free Trial

USD/ZAR Eyes 14.50 Support, Bolstered by Firm EM FI Markets

SOUTH AFRICA
  • USD/ZAR approaching yesterday's low at 14.5238.
  • A close below 14.50 today may signal a continuation of ZAR's relative outperformance, opening up 14.4158 support to the downside
  • ZAR bid supported by firm FI markets: Buying noted across the local curve, but most notably in the back end
  • 2Y (-8.8bp), 10Y (-8.6bp), 15Y (-12.8bp), 30Y (-12.4bp)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.