Macro Analysis /
Global

South African Rand breaks below key support levels, falls to a 29 month low

  • Forex: USD-ZAR breaks below key support levels, falls to a 29 month low against the USD of 13.5100

  • Fixed Income: Zambia’s Eurobond curve remains inverted despite recent progress towards securing an IMF deal

  • Macroeconomic: Egypt’s private sector remains under pressure in May

Kieran Siney
Kieran Siney

Head of African Markets

ETM Analytics
3 June 2021
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