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SARB Leaves Interest Rates Unchanged; USDZAR Trades Lower

The South African Reserve Bank (SARB) has opted to keep interest rates unchanged at 3.5%. This matching the expectations of analysts.  In explaining the decision of the SARB, the bank’s Governor Lesetja Kganyago noted the impact of the coronavirus on the South African economy. While hailing the rollout of the […]

USDTRY Turkish lira

USDTRY: 7.26 Beckons As Pair Sells Off Following CBRT Decision

The Turkish Lira gained strength for the 3rd straight session after the Central Bank of the Republic of Turkey (CBRT) left the interest rates unchanged at 17.00%. Further adding to the weakness of the USDTRY was the prevailing bearish sentiment on the greenback, as inflows pour into emerging market currencies […]