Free Trial

USD/ZAR Off Highs On External Factors, ANC Conference In Focus

ZAR

USD/ZAR has pulled back from its earlier highs, tracking a synchronised move in the BBDXY index and the (inversed) Bloomberg Commodity Index. The pair last deals at ZAR17.5862, some 900 pips better off on the day.

  • The focus is on the ANC national elective conference, where the official part of the meeting should be starting now. Party spokesperson confirmed that President Ramaphosa will deliver the usual conference report.

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.