ZAR Suffers as Markets Shy Away From EM’s
RAND TALKING POINTS Rand subject to global factors. Commodity prices helping ZAR upside. Charts show USD/ZAR consolidating…waiting for stimulus. USD/ZAR FUNDAMENTAL BACKDROP The South African rand has been weakening this week after last week’s risk on sentiment propelled the Emerging Market (EM) currency against the USD, GBP and EUR respectively. Rand-linked commodity exports also remained …