ZAR pull's back slighly

With tragic news of the Boston Marathon bombings and the possibility of more terrorist attacks in the US, markets are waiting on further details to better understand the implications of this event. Investors will try to piece together the implications of the Boston Marathon bombings with the expected USD-ZAR range for today at 9.10-9.2500. 

According to a manufacturing survey by the Bureau of Economic Research (BER) released on Monday, business confidence in the SA manufacturing industry gained four index points in the first quarter of the year to 42.

Gold prices have plummeted in recent days with the spot price of gold decreasing with more than $100 an ounce, an 8.7% drop in price, while the price of silver fell 11%.

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