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ZAR Outperforms Ahead of Tomorrow's Budget

SOUTH AFRICA
  • ZAR remains the key outperformer in today's session bolstered by budget optimism ahead of tomorrow's announcement (1200GMT)
  • FI markets reversing outflows seen in the past two weeks with the curve bull flattening
  • USD/ZAR breaks the short-term uptrend held since 16 Feb, taking out 14.60 on the back of Powell's statement as the Greenback gives back early gains - Next sup 14.5126
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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