South African ZAR pulled back to under R14.20 to the US Dollar. US jobless claims hit their lowest levels since 1973 at the end of last week. Asian Markets rallying after oil prices hit five-month highs on the back of lower US output. Brent and WTI at $45.08 and $43.79 respectively. Mario Draghi’s address to the Euro nations defending European Independence caused the euro to strengthen substantially against the US Dollar on Thursday 21st. Dovish sentiment came across in his words, hinting at another round of potential quantitative easing. Rates to remain low in Europe for the time being. SA resources yet again topping the JSE’s best performers for the week.
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