RAND ANALYSIS
- South African lockdown restrictions eased.
- Fed interest rate decision on Wednesday.
- Shooting star printing on daily chart.
ZAR FUNDAMENTAL BACKDROP
TOUGH DECISIONS FOR SOUTH AFRICAN PRESIDENT
President Cyril Ramaphosa announced on Sunday evening that the country would be moved to Alert Level 3 from Level 4 which reduces limitations on COVID-19 protocols. Restaurant and hotel trading, interprovincial travel and the resumption of alcohol sales (at pre-defined times) are some of the key highlights to prior economic constraints….
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