Rand trading @ 14.59
Traded in Asia between 14.54 to 14.59
Euro @ 1.1805 17.2304
Gbp @ 1.3889 20.2722

US markets closed up 1.13%
Chinese markets down 0.07%

Rand traded yesterday between 14.5260 to 14.6900
USD is weaker overnight and currently at two week lows with bond yields also declining.

China Caixin PMI came stronger at 54.3 versus 51.5 previously.

US NFP released on Friday came in stronger. Gain of 916k jobs versus 647k expected . Unemployment rate at 6%. Economy created the most jobs in 7 months.
Manufacturing data from the US released yesterday came in at 63.7 versus 59.0 expected....highest reading on record.
Markets are also positive on on the 2 trillion usd government spending plans.....investors moving into stocks.

Yellen has proposed with the G20 countries to agree on a corporate minimum tax rate. Biden stated he is not concerned the proposal to raise corporate taxes in the US would harm the US economy and there is no evidence it would drive business abroad.

Gold trading @ $ 1 733
USD index at 92.676
US 10 YT at 1.6914

Main focus tomorrow is the FOMC minutes...markets are pricing in a rate hike by end 2022.

Support levels are 14.47,14.40 and 14.28
Resistance at 14.66,14.77 and 14.89

Regards Standard Bank Global Markets