SSA dollar market finally begins to slow down after heavy supply

Euros_versus_dollars_Adobe_575x375_100220
By Burhan Khadbai, Lewis McLellan
21 Apr 2021

The feverish demand in the SSA dollar market appears to be waning after a period of abundant supply. While deals on Wednesday seemed to go well, the results were perhaps less remarkable than for some of last week’s outings.

Performance has slackened in the dollar market. “That’s not such a problem for top tier names like those in the World Bank Group,” said a syndicate banker. “But for others, it’s hurting demand. It seems clear there’s fatigue in the market.”

“Sentiment has cooled down a little bit ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial