A softer dollar has been the main driving force intraday as markets take a breather from the rampant dollar we saw during September. Job openings in the US plunged by more than 1 million during the month of August, potentially showing an early sign that the labor market gap in the US is beginning to close and led to the dollar being sold off late afternoon. The euro and pound have both rejoiced from are up nearly 1% for the day. We see the euro quoted back above the 0.99 mark, while the pound is trading around the 1.14 handle. The rand and other EM’s are all benefiting from markets being happy to trade on more risky assets, with the local currency also over 1% stronger for the second day in a row. The rand saw a low of R17.63 after trading above R18.00 just yesterday morning.