Daily Market Commentary: 21 September 2016

Today we are taking a look at:

  • ZAR crosses head stronger, supported by local data and risk-on demand, markets await SARB and Fed statements
  • USDZAR maintains strength, this morning at R13.94/$; yen sharply weaker on the back of BOJ, dollar supported in Asia; global majors marginally weaker this morning
  • Top 40 slumps 1.39%, led by widespread losses; US equities flat ahead of Fed today; Asian markets positive this morning
  • US housing starts and building permits decline, consumer activity slows on higher interest rate expectations; Japanese trade surplus widens; BOJ leaves benchmark rate unchanged with further room for stimulus indicated
By | 2020-03-17T10:05:19+02:00 September 21st, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments