Today we are taking a look at:

  • USDZAR weakens sharply, CDS spreads rise, and ZAR 3m risk reversal spikes as fears mount over Gordhan removal
  • This morning the rand is currently trading at 13.0200, EURUZAR is trading at 14.0750 and GBPZAR at 16.1750.
  • Top 40 rises 1.24%, led by rand hedges; US equities upbeat; Asian markets follow positive this morning
  • US data signals firmer manufacturing conditions while consumer confidence surged; Japanese retail sales softer in February