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Sell the South African Rand says Deutsche Bank
The Rand has almost entirely retraced its post-election rally against a range of currencies but losses may now wrack up for longer due to a deteriorating international environment, and given President Cyril Ramaphosa must now deliver the reformist goods he's promised or risk the ire of the market. South Africa's China-sensitive currency followed the Renmimbi lower on Friday as markets responded to signs the so-called trade war between the world's two largest economies will could become a more serious and protracted affair. The USD/CNH rate has embarked upon a steep northward hike in recent weeks, rising 4%, in ... (full story)
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IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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