After a flurry of economic activity last week, we head into a relatively quiet week with no notable economic releases. This provides an opportunity to gauge where the local market is currently sitting.
The rand is trading towards the higher end of its 7-day range, with USD/ZAR having traded between 16.45 and 17.19 over the past week. The swap market has also moved slightly higher, with the 2-year trading at 7.31% and the 3-year at 7.29%. Brent crude has continued to ease and is now trading at a new 30-day low of $78.69.