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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 AccessZAR Outperforming on Local Catalysts; Fed Comes Into Focus
- USD/ZAR also flat, despite early USD weakness but similar to CNY also mostly flat.
- Limited local data leaves the cross exposed to global sentiment and this evening's Fed meeting.
- Swap rates continue to track lower in line with local GBs.
- Although not the base scenario, there is scope for a hawkish surprise at this meeting based on WAM of Fed asset purchases that have been priced in by some participants - and should be taken heed of.
- 15.00 handle on USD/ZAR should be reinforced by recent price action with a downside bias towards 14.77, but will largely depend on global factors.
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.