The attraction of the FX market is that it allows all Participants to deploy outsize leverage. The US Dollar [notwithstanding endless chatter over its imminent demise] remains the dominant currency representing around 60% of the market. The Ghana Cedi slumped to an all time low last week, has weakened 8.6% Year to Date and is the worse performing currency in the World. Tito Mboweni the South African Finance Minister delivered a currency Yehudi Menuhin level master-class last week. The Stand-Outs in Africa from a currency perspective are Egypt and Kenya.

Source: The Star February 24, 2019 20:15 UTC