Daily Market Commentary: 25 January 2018

Today we are taking a look at:

• A relative struggle for SA rates as swaps lead SAGBs
• USDZAR finally breaks R12.00/$ level, on the back of dollar weakness
• Gold rallies on the back of a weaker dollar, oil price remains elevated
• Dollar weakness is driving world markets; The JSE closed higher for a third consecutive session.
  European markets ended lower as technology shares fell; U.S. markets ended mixed;
  Asian markets are under pressure as the weaker dollar shifts focus to global trade with specific emphasis
  on exporting nations
• SA CPI in line with consensus, ends 2017 at 4.7%