US CPI Smashes Estimates Placing USD/ZAR, USD/TRY Under Pressure

USD/ZAR, USD/TRY Talking Points: Has a hot US CPI print Solidified Another 75b/p Rate Hike? Persistent inflation has jeopardized the demand for EM (emerging market) currencies with lockdowns in China and USD strength providing an additional catalyst for developing nations. For the South African Rand (ZAR), falling commodity prices and a reduction in the number …

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