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ZAR sees initial strength as the South.........>

RAND
RAND: ZAR sees initial strength as the South African central bank (SARB) release
their policy statement (rate decision yet to come). USD/ZAR initially falls as
SARB upgrade their GDP estimates this year, but fall is slowed as inflation
forecasts come lower for 2018. As a reminder, analysts are mixed on the rate
decision: 13 for unchanged, 7 for a cut of 25 or 50bps.
- A number of desks are highlighting that the SARB could look through recent
currency appreciation due to the threats of inflationary pressure from raw
materials and energy prices.

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