Daily Market Commentary: 3 August 2018

Today we are taking a look at:

  • SAGBs closed better bid last night, but risk opens weaker this morning
  • Strong dollar weighs on majors, USDZAR 30-cents weaker over the past day, markets watch US labour market data today
  • Strong dollar keeps gold price on downtrend, oil price higher amid speculation that US crude stockpiles will decline
  • Global markets retreated as risk appetite waned on the back of the latest U.S. tariff threats
  • BOE raises interest rates by 25 bps, keeps asset purchase programme unchanged
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By | 2020-06-22T11:42:23+02:00 August 3rd, 2018|Markets and Research|0 Comments

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