Today we are taking a look at:

  • SAGBs trade well as EM FX supported by some global risk-on as markets await a trade deal between the US and China
  • USDZAR strengthens in line with EM FX, focus today will be on the ECB meeting and FOMC minutes
  • Oil edged higher as speculation that supplies will tighten outweighed Russian caution on output cuts and the International Monetary Fund downgrading its global growth forecasts
  • Global growth concerns weigh on equity markets
  • IMF reduces global growth forecast for 2019 and 2020

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