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US Data will Test Short Term Direction

Article by IG Senior Market Analyst Shaun MurisonUSD/ZAR Key Takeaways:1. The recent recovery of the Rand against the US Dollar is primarily due to the weakening of the dollar rather than the strengthening of the Rand itself.2. The US…

Short USD/ZAR: Top Trade Opportunities

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…