Currencies The new week started with the rand trading at 14,8250. The local unit remained confined to a narrow range for most of the day, trading between 14,7500 and 14,8600.
CommoditiesBrent crude oil has moved back above USD74,50 per barrel; gold is little changed.

09/22SACPI–/4,9%/4,6%Higher food and fuel prices.
09/22USFOMC rate decision–/0,25%/0,25%Rates expected to remain unchanged at the upper bound of 0,25%.
09/23UKBOE rate decision–/0,1%/0,1%No change expected in policy rate.
09/23SASARB interest rate decision–/3,5%/3,5%No change expected given low growth in 3Q.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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