Today we are taking a look at:

  • Risk stable in Asia but holding at weak levels after the post-payrolls rout in the US; the beleaguered ZAR trades up at 14.1300 area this morning, and SAGBs open weaker in line
  • USDZAR on the back foot in line with EM peers
  • Gold supported by a weaker dollar; Oil holds gains above $61/bbl.
  • Asian markets are weaker this morning tracking US futures lower on concerns around the trade war between the US and China
  • US NFP disappoints as labour market tightens, wage growth remains firm

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