Omar El-Gazzar, an FX Dealer at Crown Agents Bank responds to the South African Reserve Bank's interest rate hike

In March, The South African Reserve bank raised interest rates by 25 basis points. Our FX Dealer, Omar El-Gazzar responds to the central banks’ strive to rein in inflation:

“The interest rate rise follows other central banks across Africa, as they try to keep up with the more hawkish outlook by the FED. USD/ZAR is trading lower as a result, breaking the 14.68 level”.

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Omar El-Gazzar, an FX Dealer at Crown Agents Bank responds to the South African Reserve Bank's interest rate hike

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