Forex: Speculators turn more bearish on the USD. Fixed Income: Bank of Mozambique and Bank of Namibia are set to announce their rate verdicts today. Macroeconomic: Global “fear gauge” declines in November as uncertainty eases.
Forex: Egyptian pound extends slump to cross 24.00 per USD. Fixed Income: Rout in bond market persists as stronger-than-expected Eurozone CPI fuels hawkish bets. Macroeconomic: Inflation in East Africa continues to run hot.
Forex: Egypt goes against the tide and leaves rates on hold. Fixed Income: The belly of Kenya’s local currency bond curve is underperforming amid rising fiscal concerns. Macroeconomic: Gold miners are facing mounting costs.
Forex: Nigeria's foreign currency reserves fell by $194.34mn in August. Fixed Income: Egypt, Ghana and Zambia are attracting the most attention in Africa's fixed income space. Macroeconomic: Global food prices fall for a fifth straight month.