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SAby u/sarah55·14hAnalysis

$ZARUSD reacting to local inflation, keeping an eye on it

Saw $ZARUSD drop a bit today, currently around 0.0610. Local CPI numbers came in hotter than expected yesterday, which is interesting against the broader USD strength we've seen. Makes me wonder if the SARB might have to lean hawkish if inflation persists, giving the Rand some support. Watching for a potential bounce off the 0.0606 area if the macro narrative shifts a bit, but currently it's still looking soft. Not diving in yet, but definitely on the watchlist.

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