The South African rand has had a tumultuous period throughout Q3 2023 but ultimately trades roughly around the same levels against the USD as it did at the beginning of Q3. Central bank nuances shaped the way while global economic growth concerns did not do the rand any favors. As we head into Q4, these
USD/ZAR OUTLOOK: MOST READ: EUR/USD Slides as Euro Area Makes Progress on Core Inflation, Headline Steady The South African Rand (ZAR) had been enjoying a nice run against the US Dollar this week. The move however came to an abrupt halt at a key support area yesterday before an aggressive bounce which has continued into
USD/ZAR Analysis Chinese woes impact rand valuations as South African Reserve Bank keeps rates on hold in July ZAR receives slight reprieve as US inflation posts modest rise USD/ZAR long-term trend remains unopposed The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive
USD/ZAR PRICE FORECAST: Recommended by Zain Vawda Get Your Free USD Forecast MOST READ: USD/ZAR Rises as SA Reserve Bank (SARB) Pauses After 10 Consecutive Hikes The South African Reserve Banks (SARB) recent pause in the hiking cycle was no doubt met with cheers by many consumers locally, yet the Central Bank and some economists