MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/ZAR Finds Support Around 15.80 as NFP Data Looms

SOUTH AFRICA
  • USD/ZAR trades +0.34% higher this morning, driven by a firmer BBDXY in early trading.
  • The cross remained choppy in yesterday’s session, paring a substantial portion of the 1.65% move down to 15.772 for a -0.63% daily decline.
  • Covid cases leapt higher to 11,535 and 44 new deaths – accelerating sharply and prompting officials to make an announcement on new restrictions next week.
  • Uncertainty over the variant is still elevated with markets watching hospitalisation numbers closely for potential signs of medical facilities being overwhelmed. The domestic push for mandatory vaccinations seems to have the support of unions and may be implemented early 2022.
  • Attention will be on NFPs for USD-side drivers, which are robust so far this morning.
  • Here, a break above 16.1044 in USD/ZAR would likely bring the prior highs at 16.30-16.50 into focus, while a move below 15.7657 may open up a retest of the 15.40-15.60 zone.
  • Intraday Sup1: 15.9366, Sup2: 15.8472, Res1: 15.0373, Res2: 16.1044, Res3: 16.2383
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Markets NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Markets NewsHomepage

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.