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South Africa's inflation accelerates, US data eyed

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events South Africa’s inflation off the target band (by Arnaud Masset) According to the latest CPI report from South Africa, inflation accelerated substantially during the month of January. After having accelerated to 5.2%y/y in December, headline CPI broke the upper band of the target range (3%-6%) as it surged 6.2% in January, beating median forecast of 6.0%. The constant pressure on the rand together with the sharp increase in food prices, mainly due to a worsening drought,

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