#news Fade Zar Rallies Over Medium-Term: Barclays: Quotes from - TopicsExpress



          

#news Fade Zar Rallies Over Medium-Term: Barclays: Quotes from Barclays Capital: -The ZAR is expected to remain sensitive to our constructive USD view and vulnerable to South Africas weak GDP backdrop and stubbornly large current account deficit situation. Waning portfolio inflows and mounting debt levels also pose a risk to the ZARs outlook from an external funding requirement perspective. -Underlying price action and momentum remain ZAR-bearish, not to mention that there will likely be some sizable FX hedging activity over the coming months within the renewable energy sector. -Hence, we believe that the ZAR could remain undervalued in both PPP and BEER terms over the coming quarters and recommend that participants continue to look to fade ZAR rallies over the medium term. The material has been provided by InstaForex Company - instaforex.ws #forex #trading
Posted on: Fri, 31 Oct 2014 11:09:55 +0000

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