Rand prices strengthened today but with key economic date scheduled tomorrow including Chinese PMI’s, USD/ZAR remains cautious.
Monday’s trading session has seen the dollar on the backfoot that has led to many dollar priced commodities to rally – many of which are South African linked exports. Without any important economic releases today, our focus will shift to tomorrow’s data . The Chinaprint will likely be the most influential statistic for the pair due to the close trade relationship between the two nations.
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