Trial now
AUSSIE BONDS

Semi-Government Bond Purchase Offer Details

BOJ

Rinban Offers

MYR

Political Uncertainty Undermines Ringgit

AUSSIE BONDS

ACGB Nov '32 Supply Easily Absorbed

Rand is up 0.72% versus the Dollar

RAND

USDZAR is now down 0.72% in early trading, with the Rand 2nd best performing currency against the Greenback in EM.

  • Some liquidity is returning, with SA back from their "Heritage Day" yesterday, although as desk note, a few market participants will have likely booked a longer weekend.
  • News that US Democrats are drifting a stimulus proposal that they could take for possible negotiations is helping EM somewhat, despite the limited upside in Equity during our early European session.
  • immediate support comes at Thursday's low at 16.7695.
  • Looking ahead, the key event is the Mid Term budget, which will be delivered by Finance Minister Tito Mboweni on 29th October
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com