Today we are taking a look at:

  • A decent bounce in risk in the US afternoon continues into Asia and gives EMFX a fillip; ZAR and SAGBs open up stronger
  • USDZAR posts gains on cabinet announcement
  • The oil price rose overnight as a bigger-than-forecast drop in U.S. crude stockpiles added to concerns that global supply is tightening
  • SA BER consumer confidence marginally higher in second quarter

If you are looking for more relevant market commentary, have a look at our other Markets and Research.