-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
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.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUSD/ZAR Treads Water Around its 100dma, Forward Rates Price in +25bp SARB Hike Ahead
- USD/ZAR trades +0.15% lower this morning, mirroring choppy price action in the BBDXY.
- China produced mixed data overnight with better than expected GDP, a surprise -10bp PBoC rate cut and softer retail sales – resulting in marginally firmer global risk sentiment.
- Local focus this week is in Ramaphosa’s response to scathing remarks from Tourism minister Sisulu and how it could impact his second term as ANC resident as internal jockeying begins well ahead of the December elective conference.
- CPI will be monitored closely ahead of next week’s SARB with headline figures expected to rise closer to the 6% upper threshold of the target range at 5.7% y/y.
- 1x4 FRA-Jibar3m spreads still stand around +33bp.
- Mining production and retail sales data are also on the agenda for the week. USD/ZAR continues to hover around its 100dma, with buyers defending the level thus far.
- Sell-side estimates for ZAR in 2022 are somewhat more bearish, however, expecting USD/ZAR to reach 16.50-17.00 in 2022 as the current account surplus and positive terms of trade fade.
- Intraday Sup1: 15.2963, Sup2: 15.2660, Sup3: 15.2120, Res1: 15.4435, Res2: 15.5230
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.