Daily Market Commentary: 12 June 2017

Today we are taking a look at:

  • Foreign buying of domestic bonds persists last week, likely to maintain the status quo in the near term
  • USDZAR holds steady despite downgrade; Dollar remains strong, keeping majors on the back foot
  • Gold continues to languish in the face of a stronger dollar, Brent remains downbeat
  • Global markets weaker as tech stocks start to show some weakness
  • UK data disappoints, May loses parliamentary majority, uncertainty over Brexit; Moody’s downgrades SA credit rating in line with forecast
By | 2017-06-12T07:56:09+02:00 June 12th, 2017|Markets and Research|0 Comments

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