- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/ZAR forecast to move lower over the next months – CIBC
USD/ZAR forecast to move lower over the next months – CIBC
Analysts at CIBC, forecast the USD/ZAR pair at 17.85 by the end of the second quarter and at 17.45 by the end of the third quarter.
Key quotes:
“The recent episode of bank-related equity woes provided additional justification for investors to abandon high ZAR nominal yields in return for the safety and liquidity of the USD. Additional evidence of recent capital flight comes via the realization that speculative investors have extended ZAR shorts to alltime extremes in the wake of a record weekly ZAR position reduction in the middle of March.”
“The scale of the speculative investor capitulation allied to the substantive unwinding of bond holdings does suggest that should risk sentiment materially improve, we do not view recent financial sector effects as systemic this could suggest the near 7% year to date ZAR depreciation could materially snap back, prompting USD/ZAR to rebound back towards the 200Day MAV at 17.51.”
“The central bank (SARB) has lowered its 2023 growth assumption to 0.3%, due to substantive load shedding and or ongoing rail freight headwinds. Additionally, inflation remains a SARB concern. Inflation has remained outside of the 3-6% target range since May 2022. Policy tightening now
risks extending towards 8.00-8.25%, previously a terminal rate of 7.75% was assumed prior to the unexpected 50bps hike on 30 March.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
