paulusul

How are you trading this triangle?

SAXO:USDZAR   U.S. Dollar / South African Rand
It is obviously winding up for a bigger move.
The dollar seems to be strengthening but it's hard to trust.
SA covid numbers are improving despite opening up.
GDP contracted but not as much as anticipated: -2.0 vs -3.4.

What do the high yield bonds look like and what am I missing?
What needs to happen to return to a "normalcy" around 12-15, is that possible or are investors permanently spooked?
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