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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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Real-time insight of oil & gas markets
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Free AccessUSD/ZAR Shrugs at SONA, Feb Budget Coming into View
- USD/ZAR marginally higher at the open in line with a firmer greenback and upside in USD/CNH.
- Commodities also feeling the pinch from a firmer $, easing slightly after a bullish start to the week: Gold -0.3%, Platinum -0.97%.
- As expected, SONA didn't really move local assets as most saw the speech as a reiteration of prior goals with a few added highlights like the broadly supported social grants extension.
- Focus now shifts to the Feb24 budget for a clearer fiscal picture, looking tentatively optimistic on better than expected revenue collections.
- USD/ZAR is roughly 1.54% lower this week, dialling in on 14.50 support. Sup1: 14.6147, Sup 2: 14.50, Res1: 14.6487, Res2: 14.77
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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.