Today we are taking a look at:

  • Yields track currency stronger after the President’s fiscal stimulus announcement, but gave back gains sharply overnight
  • FX markets faced with a strong dollar today, amid trade concerns and Iranian sanctions, USDZAR makes a U-turn after strengthening to R14.20/$ on Friday
  • Brent breaks above $80/bbl. as OPEC refuses to pledge production increases amid Iranian sanctions
  • Global equity markets are on the back foot amid renewed trade war fears
  • Foreign investors sell R75 billion bonds and equities this year, largest outflow since 2016
DailyMarketCommentary180925

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