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FOREIGN EXCHANGE

Deutsche still bullish on ZAR

Continuity is a prerequisite of building a successful FX franchise, but I was still surprised to read such a strong endorsement of Zar Amrolia in Deutsche’s latest FX strategy weekly. “ZAR to remain in sweet spot for now,” the report said. “We remain bullish ZAR in the near term.” What I want to know is what sweet spot exactly is Zar in? And is that the reason the bank remains so bullish?

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