Daily Market Commentary: 6 January 2020

Today we are taking a look at:

  • Geopolitical tensions put EM risk assets on the back foot, with a weaker ZAR and higher bond yields since Friday
  • USDZAR weaken by more than 30-cents as US-Iranian tensions escalate towards the tail-end of the week, EM FX remains fragile, USDZAR the worst performer in the past week
  • US/Iranian tensions have escalated over the weekend and talk of retaliation from both sides sees oil above the $70 level, gold trading as a safe haven amid tensions
  • Weaker Rand should continue to put pressure on SA Inc names, SA to perhaps benefit from some rotation within the EM spaceDailyMarketCommentary200106
By | 2020-01-06T08:33:44+02:00 January 6th, 2020|Uncategorized|0 Comments

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