ZAR traded in a narrow range of R18.8000/$ to R18.9500/$ in early trading after Hawkish Fed pause.
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Afternoon Note – 20 September 2023
ZAR testing R18.9000 in early trading after SA Core CPI surprised to the upside at 4.8% YOY.
Afternoon Note – 19 September 2023
ZAR drifting stronger to R18.9300/$ in afternoon trading as traders continue to play the range.
Afternoon Note – 18 September 2023
ZAR losing ground in early Monday trading and once again above R19/$ as traders re-evaluate bets ahead of the Fed.
Afternoon Note – 15 September 2023
ZAR trading in a narrow range and consolidation near weaker levels following Thursday’s decline.
Afternoon Note – 14 September 2023
ZAR weaker in early Thursday reaching R18.92/$ after surprise jump after US CPI.
Afternoon Note – 13 September 2023
ZAR trading in a narrow range ahead of this afternoon’s CPI report.
Afternoon Note – 12 September 2023
ZAR retreating after the Dollar rebound ahead of key data tomorrow.
Afternoon Note – 11 September 2023
ZAR stronger after BOJ hints at rate normalisation.
Afternoon Note – 08 September 2023
ZAR stronger in early Friday trading on the back of dovish Fed comments.