Rand

© Reuters. The South African Reserve Bank (SARB) governor Lesetja Kganyago attends the SARB Biennial Conference in the Cape Town International Convention Centre, in Cape Town, South Africa, August 31, 2023. REUTERS/Esa Alexander/File…

© Reuters. The South African rand experienced a significant downturn this Tuesday, continuing a week of losses driven by a robust U.S. dollar and increasing U.S. Treasury yields. The currency traded at 19.2525 against the dollar,…

RAND TALKING POINTS & ANALYSISHawkish Fed & poor local data weighs negatively on rand.Fed’s Bostic in focus later today.Possible ascending triangle breakout on USD/ZAR daily chart. Trade Smarter - Sign up for the DailyFX…

The ZAR’s reaction to the SARB MPC decision and policy statement was relatively muted as the decision was in line with consensus, and guidance from the central bank was mostly like that issued in the previous meeting and address. On a…

RAND TALKING POINTS & ANALYSISSA mining data , US PPI, retail sales and jobless claims data pool together to limit rand upside.Michigan consumer sentiment the focal point tomorrow.USD/ZAR seeks fundamental catalyst as prices hover…

RAND TALKING POINTS & ANALYSIS• Hawkish US data has overshadowed optimistic SA releases.• Fed officials under the spotlight today.• Trendline support in question as trade week draws to a close. Trade Smarter - Sign up for the…

USD/ZAR PRICE, ANALYSIS AND CHARTS:USD/ZAR Rises Despite BRICS Expansion Plans, Dollar Bulls Return.BRICS Bloc Has Extended an Invitation to 6 Countries to Join the Bloc with Saudi Arabia the Surprise.The BRICS Bloc Has Bold Ambitions but a…

USD/ZAR OUTLOOK:USD/ZAR Retreats Toward Support at the 18.71 Handle as BRICS Summit Gets Underway, SA Inflation Data Ahead.BRICS Bloc Has a Lot to Overcome Before Any Idea of a Single Currency Becomes Realistic.The South African Rand is in…

RAND TALKING POINTS & ANALYSISZAR exploiting weaker USD and stronger commodity prices.Big week ahead that includes China rate announcement, BRICS summit & Jackson Hole.Technical analysis suggesting a pullback? Trade Smarter -…

The South African rand fell to a record low against the US dollar on Friday after the United States accused the government of President Cyril Ramaphosa of secretly supplying weapons to Russia, threatening trade relations with South…