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Global Markets daily

22 August 2017

Boring sideways trade as markets await Jackson Hole

Global and local markets are trading sideways given the absence of any meaningful data or news, and given the caution in front of the Jackson Hole symposium. Last week’s risk aversion is, nevertheless, slowly easing, with the VIX falling back to 13 and the dollar suffering some mild weakness. This opens the potential for mild rand gains but there is certainly nothing that suggests the moves will be anything more than a few cents...

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