USD/ZAR: Scope to reach early-January high just above 16.00 – Credit Suisse USDZAR Banks
USD/ZAR target slightly cut to 16.00“We still think USD/ZAR is exposed mainly to upside risk because we suspect the Fed’s tone is likely to continue to shift in a hawkish direction. Under these conditions, a rise in USD/ZAR back to early-January high of around 16.09 looks likely to us.”
“We will most likely re-assess our USD/ZAR target in case USD/ZAR falls sustainably below the 15.00 mark.”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. You should do your own thorough research before making any investment decisions.
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