USD/ZAR: Setting a slightly higher range for of 14.50-15.50 – Credit Suisse USDZAR Banks
Strategists at Credit Suisse raise their expected range for USD/ZAR slightly to 14.50-15.50 and like to buy dips around 14.40.“We raise our expected range for USDZAR slightly to 14.50-15.50 and drop our short-term target of 14.30.”
“A few factors suggest that USD/ZAR downside is limited: the current account surplus is narrowing, the scope for repatriation flows looks limited and carry support is not large enough to trigger substantial inflows.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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