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USD/ZAR Holds its Range Ahead of Tomorrow's FOMC

SOUTH AFRICA
  • USD/ZAR trades choppily around the open in line with mixed risk sentiment on the back of an uncertain APAC session.
  • The cross continues to hold its lateral range ahead of this week's FOMC, with local markets eyeing political developments and PPI data in the back end of the week.
  • Given low holiday volumes, USD/ZAR will likely track broad risk sentiment and $-side moves today.
  • Intraday Sup1: 14.1879, Sup2: 14.1563, Res1: 14.3398, Res2: 14.3833.
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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