ZAR stable despite improving CPI, ECB in focus

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events South Africa’s headline inflation eased in March (by Arnaud Masset) According to the latest CPI report from South Africa, inflation decelerated during the month of March. After hitting 7%y/y in February - the highest level in seven years - headline CPI eased to 6.3%y/y in March, beating median forecast of 6.4%. This improvement in the consumer price index came as a breath of fresh air for the SARB, especially given the fact that the last decision to hike the benchmark

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