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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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Free AccessUSD/ZAR Retains Downside Momentum Ahead of PPI Data
- USD/ZAR opens lower in line with early selling pressure on the greenback.
- The cross continues to pull lower, supported by gains in the bond market – eyeing the 13.56-13.625 zone to the downside.
- Pressure for HealthMin Mkhize to step down amid corruption allegations is rising alongside third wave risks as SA remains on the brink of official third wave classification.
- PPI data will be a key focus today, expected to tick higher to 6.7%.
- Upside surprises may see selling pressure emerge in 2Y yields.
- However, in the absence of any majorly higher prints, this should not alter the SARB's broadly accommodative stance with CPI still pegged at or below the mid-point of the range over the medium-term.
- US data including QoQ GDP & PCE on the agenda for today.
- Intraday Sup1: 13.7192, Sup2: 13.6016, Res1: 13.8163, Res2: 13.8931
To read the full story
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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.