#afternoonnote

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.

ZAR weaker in early Thursday reaching R18.92/$ after surprise jump after US CPI.

ZAR trading in a narrow range ahead of this afternoon’s CPI report.

ZAR retreating after the Dollar rebound ahead of key data tomorrow.

ZAR stronger after BOJ hints at rate normalisation.

ZAR stronger in early Friday trading on the back of dovish Fed comments.