Today we are taking a look at:

  • EM FX performance led by ZAR, RUB,BRL and stands in stark contrast to muted commodity FX performances
  • Rand fails on foray to the downside heads higher on weaker risk appetite overnight, dollar on back foot supporting majors
  • JSE closed for local public holiday, US markets sharply lower leading Asia negative this morning
  • UK CPI extends further expected to remain elevated; US Current account deficit narrows; Japanese trade surplus extends
  • SA foreign flows post lacklustre performance last week, marginal net outflow
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