Daily Market Commentary: 6 April 2020

Today we are taking a look at:

  • SAGBs open weaker in line with ZAR and EM FX, after Fitch downgrades SA’s credit rating on Friday
  • Rand breaches 19.0000 as fitch pulls the trigger
  • Oil gave up some of last week’s rally; Gold declined as concerns eased over a supply squeeze,
  • We will take our lead from global markets, with the rand weakness likely leading rand hedges to outperformDailyMarketCommentary200206

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

By | 2020-06-10T11:45:05+02:00 April 6th, 2020|Markets and Research|0 Comments

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