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Taahir_Joosub
Nov 17, 2020 11:50 AM

USDZAR: Rand hedge opportunity Long

U.S. Dollar/South African RandFXCM

Description

The ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+ ( a lot can also be attributed to overall dollar weakness). Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc.. current levels look attractive long term to take USD/Offshore exposure.
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