Today we are taking a look at:

  • USDZAR pauses after sharp sell-off since August lows, technical indicators reach oversold levels, temporary pull-back may be short-lived
  • Rand range-bound around R14.40/$ amid thin liquidity yesterday; global majors weaker amid a marginally upbeat dollar
  • US markets were closed for Labour Day; Asian markets trading positive this morning; Top 40 marginally higher, led by resource stocks
  • Foreign flows remain downbeat last week, but August inflow positive due to bond market

Eurozone retail sales growth ticks higher, investor confidence rises