South African companies started to implement wage cuts to preserve dwindling cash piles due to the nationwide lockdown in response to the Covid-19 outbreak.
Main scenario: consider long positions above the level of 1.3092 with a target of 1.3906 – 1.4100 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.30
Latest data released by the Federal Statistics Office – 2 April 2020 – -0.1% – Prior +0.2% ForexLive Deflation is back on the menu in Switzerland as core inflation falls into negativ
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