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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.
SOUTH AFRICA
- USD/ZAR pulls slightly lower at the open on the back of some early USD selling.
- ZAR traded choppily around US CPI yesterday, weathering the storm better than its EM peers TRY & RUB given wide real yields and supportive fundamentals.
- Murmurings surrounding third wave risks are getting louder, but case levels have yet to reach alarming levels.
- Whether we see an apology today or tomorrow from suspended ANC SG Magashule will be a key gauge of whether he wishes to stay within the ANC or splinter to form the RET.
- US PPI will be the primary price action driver today with US equity indices displaying just how concerned markets are about inflation.
- SA 1Y basis swaps now 3bp short of all-time highs, trading at 115.
- Commodities slightly firmer: gold +0.33%, platinum +0.58%.
- Intraday Sup1: 14.0768, Sup2: 13.9844, Res1: 14.1536, Res2: 14.1879
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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