The rand traded on the back foot as the USD recovers; top-side risk now towards the 16,000 level.
The rand is on the back foot after the SARB MPC meeting; any strength is likely to be met with USD buying interest.
Debt capital markets present an ideal mechanism to bridge the gap between the desire by companies and investors to contribute to the achievement of the SDGs and the specific investment actions that represent such a contribution.
Focus today will be firmly on the SARB MPC; markets are likely to be cautious and erratic ahead of this event.
Nedbank further solidifies its long-running partnership with Equites Property Fund Limited by raising R1 billion via its first public bond auction in domestic debt capital markets.
The rand loses ground as US data points to higher interest rates.