ZAR: Rand Sits Close To Neutral Levels, Current Account Data Due Shortly

• EUR Benchmark 12Y Fixed (Feb. 11, 2037) MS+120 Area
• Coupon: Annual, act/act ICMA
• Settlement: Feb. 11, 2025
• ISIN: XS2997390153
• Bookrunners: ERSTE, IMI - Intesa Sanpaolo, ING (B&D), JPM, MS
• Timing: May price today.

Details as per Bloomberg

• The Dollar is still paring some gains going int the European session, cross asset markets have stabilised somewhat, and the Swissy in back in the green vs the USD, albeit closer to flat.
• The USDJPY is slowly drifting back towards the 155.00 figure, but for now trades pretty much at today's mid 80 pips range, at 155.15.

Little immediate reaction in SEK to the Riksbank’s January minutes, with the krona already strengthening a little against the EUR and USD ahead of the release.

• Overall, there remain “nuances” in views across the Executive Board, but the broad strokes of the minutes seem to align with the cautious/non-committal policy statement guidance seen last week.