ZAR: Continuous improvement – Commerzbank
The South African Rand intraday reached a one-year high during yesterday's trading session, pushing USD/ZAR below the 17.7 level.
0.056 | |
0.0564 | |
0 | |
0.0568 | |
0.0559 | |
0.052 - 0.056 |
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The South African Rand intraday reached a one-year high during yesterday's trading session, pushing USD/ZAR below the 17.7 level.
South Africa continues to move in the right direction. In July, prices rose less than expected - inflation was only up 0.4% (non-seasonally adjusted) month-on-month, bringing the year-on-year rate down from 5.1% to 4.6%.
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