The ZAR posted gains vs the dollar this week in the lead up to a busy week comprising of unemployment data and the delayed Mid-Term Budget speech
The latest Markit PMI figures suggest that while the economy expanded in October, the rate slowed considerably compared to September.
Euro finds support this morning as a robust manufacturing sector defies expectations.
In a slowing global economy, the threat of geopolitical risks destabilizing global growth are elevated and open the door to violent volatility – and trading opportunities.
Crude oil prices may rise on firming hopes for a near-term round of US fiscal stimulus coupled with firming PMI data. A soggy demand outlook might cap gains however.