CD South Africa: Aim low, shoot high?

Currencies Direct August 28th 2015 - < 1 minute read

The upward revision of US second quarter gross domestic product (GDP) growth to 3.7% from the original 2.3% is being seen as much better than expected. However, the positive figure does still not suggest the US Federal Reserve will raise rates in September. The data kept the USD/ZAR above the 13/$ level as it settles in a range between 13/$ and 13.20/$. On the data calendar, UK second quarter GDP will be the highlight for today.

Well done to Anaso Jobodwana on not only clinching bronze, but also smashing the SA 200m national record. Have a great weekend folks!

Commentary by Justin Lodewyk

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Currencies Direct

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