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Hawkish SARB test as flows reverse – BNY

BNY’s Head of Markets Macro Strategy Bob Savage highlights growing pressure on the South African Rand as ZAR leads high‑yield EM outflows ahead of the SARB decision. The report notes that ZAR has shifted from early conflict resilience to accelerating sales, with markets now pricing aggressive tightening. South African Reserve Bank (SARB) is seen needing a strongly hawkish stance to counter rising balance‑of‑payments concerns and preserve Rand stability.Rand pressured by policy repricing”Today’s SARB decision will…

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Fuel prices are going to make sending your packages more expensive

Sending packages through the mail is about to get pricier.The US Postal Service said on Wednesday that it’s planning to hike prices by 8% across several categories: Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select.The postal service says this price hike is a “time-limited adjustment” that will…

Investing

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