EM FX UPDATE - Lira pares losses post-CBRT, but Rand still weak regardless of SA retail sales beat

Usd/Try remains softer around 5.8000 after the CBRT maintained a tightening bias and delivered no hints about any shift towards a cut in the process, but Usd/Zar is still elevated above 14.7500 even though SA retail sales data beat consensus two-fold, as news that President Ramaphosa has been given a June 21 deadline to respond to a graft probe undermines sentiment. 

12 Jun 2019 - 12:11- Forex- Source: RANsquawk

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