Range floor at risk as ZAR richens – Societe Generale
Societe Generale analysts flag that USD/ZAR remains in a sideways consolidation but warn that failure to clear the 50‑day moving average could extend the decline toward lower projections. They add that South African fiscal consolidation supports SAGBs, yet stretched ZAR valuations, reduced SARB carry and a bearish 3‑month risk reversal point to mean‑reversion risks for […]
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