ridethepig

ridethepig | KZT Spot Commentary 2020.02.12

FX_IDC:USDKZT   U.S. DOLLAR / KAZAKHSTANI TENGE
I will keep this one very quick as not much interest in KZT. On the technical side we have a very clean and simple legs to track here, nothing to change my view of the gravitational pull back towards normality circa 310 in the coming weeks. Heavy USD sells continue from locals nad in my books a matter of time before we are -18% from the original entries:


Continuing to remain long Tenge here.

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