Today we are taking a look at:

  • A decent bounce in risk in the US afternoon saw EMFX rally a touch and the ZAR holds on to its gains in Asia; SAGB yields follow lower, however we expect the curve to remain steep amid ongoing fiscal woes
  • Ease in geopolitical tensions supports softer USD and boosts emerging markets
  • Oil prices edged lower coming off their highest levels in months, Gold fell from the highest level in more than six years as some appetite for risk crept back
  • Tensions between the US and Iran have heightened global political tensions, with investors moving into safe-haven assets.DailyMarketCommentary200107

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