#afternoonnote

ZAR gains in early JHB trading as Dollar slide continues.

ZAR gains in surprise move after stronger US GDP report.

ZAR continues to decline.

ZAR weaker on the back of a rampant Dollar and rising global yields.

ZAR range trading continues in early trading as the local unit looks for direction from international markets.

ZAR traded in a narrow range of R18.8000/$ to R18.9500/$ in early trading after Hawkish Fed pause.

ZAR testing R18.9000 in early trading after SA Core CPI surprised to the upside at 4.8% YOY.

ZAR drifting stronger to R18.9300/$ in afternoon trading as traders continue to play the range.

ZAR losing ground in early Monday trading and once again above R19/$ as traders re-evaluate bets ahead of the Fed.

ZAR trading in a narrow range and consolidation near weaker levels following Thursday’s decline.