Daily Forex Market Wrap 2019-09-11

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Daily Forex Market Wrap 2019-09-11

Published Date: 2019-09-12 | Source: TreasuryONE | Author: TreasuryONE Dealing

The Rand lost some of the ground it has gained over the last few trading sessions, sliding back above R14.70 after testing R14.61 in early trade. The market is eagerly awaiting the ECB annoucement on interest rates tomorrow (Thursday). The market wants to see if the ECB has turned even more dovish. As we expected earlier, the Rand coughed up some ground against the major currencies with the currency currently around the R14.75 level.

Currencies

USDZAR 14.7387
EURUSD 1.0996
EURZAR 16.1985
GBPUSD 1.2345
GBPZAR 18.1858
AUDZAR 10.1027
CADZAR 11.1826
CNYZAR 2.0697
ZARJPY 7.3087
CHFZAR 14.8262

Commodities

Gold 1 494.80
Plat 941.74
Plad 1 580.61
Rhod 4 465.00
Irid 1 470.00
Ruth 248.00
Copp 5 764.15
Brent 62.58
Gold ZAR 22 018.11
Plat ZAR 13 871.57

Our daily forex view brought to you by the TreasuryONE Dealing Team