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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.
ZAR
Gains for the BBDXY help push spot USD/ZAR through trendline support-turned-resistance and towards the 50-DMA, which kicks in at ZAR18.0266. The rate deals +705 pips at ZAR18.0005 as we type, with a reversal of gold's earlier gains likely amplifying pressure to the South African Rand.
- The pair has registered gains even as wires carry comments from SARB Governor Kganyago, who says that food-price inflation pressures are broad-based, second-round effects are showing up in services inflation, while the central bank is "ready to act" on inflation.
Fig. 1: USD/ZAR
Source: MNI - Market News/Bloomberg
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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