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Global Markets daily

23 June 2017

No confidence in the rand

We are sceptical, however, that the rand will make much headway in pushing stronger. Admittedly, USD/ZAR has been trading “heavy” this entire year, naturally wanting to fall whenever pressures ease. This “heaviness”, however, has been less evident in recent weeks and the market is starting to give up on the idea of a restart to last year’s sustained...

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