Rand prices rallied this Tuesday on some encouraging South African production data while USD/ZAR traders keenly await US CPI later today.

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​​While US indices are looking strong ahead of today’s CPI reading, the Nikkei 225 has been hit by some selling. ​

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The latest ZEW economic sentiment data showed optimism picking up in Germany and the Euro Area, beating market forecasts, as economists eye lower interest rates next year

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Communication from BoJ officials has prompted a seesaw reaction in the yen. Anticipation of a policy pivot builds but officials are yet to be convinced it will happen soon

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GBP prices remain resistant after UK jobs data provided some varied information. GBP/USD & EUR/GBP now look to US CPI & ZEW economic sentiment.

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