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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.
SOUTH AFRICA
- No real idiosyncratic driver for ZAR weakness this morning, mostly tracking price action in CNH and upside momentum from having failed to move below the 200dma
- USD/ZAR price action pausing for breath around the weekly high marginally below 13.90 - with a break through this level likely opening up a move to 15.00
- SAGBs flip from early strength to weakness - now slightly bear steeper
- 1w USD/ZAR risk reversals still maintaining this week's downside momentum, while 1m riskies have stalled out in the last two sessions
USD/ZAR 1m Risk Reversals Slow
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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