Free Trial

USD/ZAR remains well toward the........>

SOUTH AFRICA
SOUTH AFRICA: USD/ZAR remains well toward the upper end of the day's range
having gone bid headed into the release of the government's long-awaited plans
for beleaguered utility Eskom. The release showed no new plans or new
information on the company's debt restructuring, prompting a wave of further
disappointment reflected in a weaker ZAR. Rate briefly showed above the 100-dma
which had acted as resistance. Level currently sits at 14.7046.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@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.