Today we are taking a look at:

  • USDZAR expected to remain within mean-reverting trend, may fail against +2 standard deviation level; still supportive of lower CPI trend
  • USDZAR range bound on the day. Euro relatively subdued
  • Top40 and global markets close higher, S&P500 and Nasdaq touch record highs
  • US wholesale trade sales and inventories expected to rise in coming months, Chinese inflation accelerated in April; IMF cites cyclical rebound in Sub-Saharan Africa in 2017