Free Trial

USDZAR is on the move and extending....>

SOUTH AFRICA
SOUTH AFRICA: USDZAR is on the move and extending lower. Have not seen any
catalyst or headlines. Looks flow related.
Local desk note of More short covering in SAGBs as we breach previous lows. 
The pair is getting more momentum with immediate extension now seen at 14.40.
Bringing us back to last month levels

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.