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ZAR may gain on stronger Chinese HSBC PMI: UniCredit

Quotes from UniCredit Research: -The ZAR may gain on stronger Chinese HSBC PMI , but we remain bearish over the medium term here. We do not see big impact from the SA national budget at 12:00 GMT, as the interpretation o…

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Quotes from UniCredit Research:

-The ZAR may gain on stronger Chinese HSBC PMI , but we remain bearish over the medium term here. We do not see big impact from the SA national budget at  12:00 GMT, as the interpretation of many small measures may not be a clear cut.

-We stay TRY bearish after the bigger CBRT cut in the o/n rate. USD-TRY will grinding higher, but this time more orderly than in the mid-February.

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