USD-ZAR moving higher on USD strength
Mar 20, 2015 05:26 am UTC| Commentary
The USD-ZAR rally since mid-2014 has been driven more by USD strength than by idiosyncratic ZAR weakness. The dollar index, measured by DXY, started rising strongly since mid-2014 and was up 24% between 30 June 2014 and 12...
SARB to hike repo rate by 50 bps in July meet
Mar 20, 2015 05:25 am UTC| Commentary
Standard Chartered notes... We expect the SARB to hike the repo rate 50bps at its July MPC meeting, although an earlier rate move is plausible, given market expectations of Fed tightening, the stronger US dollar (USD),...
S.Africa's Inflation Outlook: Standard Chartered
Mar 20, 2015 05:21 am UTC| Commentary
Standard Chartered notes... Near-term, we expect inflation to decelerate, with headline inflation below 4% in March, largely as a result of weaker oil prices. However, recent ZAR weakness, the recovery in the global...
S.Africa C/A weakness persists as export destinations weaken
Mar 20, 2015 05:19 am UTC| Commentary
There is no major improvement in the S.Africas current account despite higher USD-ZAR as export partners remain weak.While the Q4-2014 current account (C/A) deficit surprise on the narrow side at 5.1% is positive, the...
Appetite for EM risk is very limited and likely to remain so
Mar 20, 2015 05:16 am UTC| Commentary
The threat of hikes in the US weighs on sentiment towards emerging markets.Standard Chartered notes...The slowdown in the long-term flows to emerging markets - and greater volatility in short-term flows - linked to US...
USD-ZAR likely to see further upside in Q2: Standard Chartered
Mar 20, 2015 05:07 am UTC| Commentary
Standard Chartered notes its forecasts as follows: We raise our USD-ZAR 2015 forecasts, anticipating further gains over the next three months. We forecast 12.60 at end-Q2-2015, which is neutral in total-return terms...
Bearish flow signals seen for USD-KRW, JPY-KRW
Mar 20, 2015 05:02 am UTC| Commentary
Standard Chartered notes as follows obtained a bearish SCTF flow signal for USD-KRW. Flow dynamics suggest there may be some correction in USD-KRW in the near term.Standard Chartered notes.... Fundamentally, we expect...
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