The JSE was closed yesterday, while the focus was firmly on the Russian crisis. The Russian central Bank raised interest rates to 17% to try and stem the fall in the Rouble. The move was unsuccessful and emerging market currencies have continued to struggle. The Rand is currently trading at R11.71 to the US Dollar. All eyes are on the Fed as we await the tone of the speech from Gov. Yelland to gauge when rates in the US might begin to rise.
Posted in Morning note