USD/ZAR: Easy gains for the Rand are likely behind us – SocGen USDZAR Inflation Banks
Inflation data from South Africa is due tomorrow. Economists at Société Générale analyze RandA decline in headline to 6.5% YoY in May from 6.8% is the consensus and may support the ZAR via higher real rates. USD/ZAR faces psychological support at 18.00. The 200-Day Moving Average runs just below 17.97 and has proved a tough obstacle at least three times in the last 12 months.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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