Not much important data for ZAR coming this week mean it will mainly be driven by mining commodities prices - especially gold and silver- and the outstanding prime rate of 10.5%. Both of those (gold and silver, though rates are suprisingly also in bullish trend) are in strongly bullish trend giving a strong support for ZAR appreciation. Some weakness in EURO also helps ZAR a little.
Prime rate at 10.50% allows sustainable carrying of the position and should also attract investors. CPI and PPI ar…
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