Market Strategy Update: Liking Select FX and South African Bonds

BMI View: We are constructive towards select Sub-Saharan African FX - the South African rand, Zambian kwacha and Ghanaian cedi - given the bearish outlook for the US dollar and country-specific fundamentals, although we await key technical breaks before turning outright bullish. In the fixed income sphere, we highlight the attractiveness of South African bonds.

To read the full article, please choose one of the following options: