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Watching ZARUSD after recent CPI print
That surprise bump in South African CPI definitely has me recalibrating my $ZARUSD watchlist. Seeing it push up to 0.06127564 today after the CPI news, I'm now looking at whether the SARB might have to lean hawkish again, which could provide some short-term support, or if global risk-off sentiment will ultimately cap any significant rally.
1 comments · 5 points
I'm seeing similar price action and agree the SARB's reaction will be key. Curious what level you'd consider a significant cap if risk-off sentiment prevails.