Daily Forex Market Wrap 2019-09-13

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Daily Forex Market Wrap 2019-09-13

Published Date: 2019-09-16 | Source: INCE|Community | Author: TreasuryONE

Daily Market Wrap: Another subdued day in the market with the Rand drifting in a very narrow 10 cent range and we digest the events from yesterday. It looks as though the Rand wants to make a run at the R14.50 level, however, every move close to the level have been repelled. The sense at the moment is that the market is taking stock in its lead up to the Fed meeting next week, where we expect some further fireworks and possible two-way risks. With the current market view, we expect the market to fade quietly into the night and trade to be mostly sideways. Brought to you by TreasuryONE

Currencies

USDZAR 14.5237
EURUSD 1.1082
EURZAR 16.0881
GBPUSD 1.2460
GBPZAR 18.0874
AUDZAR 9.9945
CADZAR 10.9583
CNYZAR 2.0494
ZARJPY 7.4414
CHFZAR 14.6942

Commodities

Gold 1 495.66
Plat 954.12
Plad 1 600.61
Rhod 4 990.00
Irid 1 470.00
Ruth 248.00
Copp 5 868.85
Brent 60.36
Gold ZAR 21 711.53
Plat ZAR 13 850.31

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