USDZAR
In this section, you will find important USDZAR news, actionable trading ideas, and a live USDZAR chart to help you understand how the South African Rand trades vs. the US Dollar.
USDZAR is the ticker symbol in fx markets that represents how many South African Rands you can buy with one US dollar. South African Rand is the legal tender of the Common Monetary Area which includes South Africa, Swaziland, Lesotho, and Namibia. The factors that affect USDZAR are the interest rates, the GDP growth, inflation, unemployment rates, balance of payments and other macroeconomic figures. The US Federal Reserve Bank and South African Central Bank are the two institutions that USDZAR traders follow in order to get an idea about the future moves of the pair.
Live USDZAR Chart
USDZAR News
The South African Rand is depreciating against most of its peers, and against the US Dollar (USDZAR), the rand was down by 1.18% at the time of writing. The reason for the move lower in the South African Rand is most likely yesterday’s Fitch downgrade of Eskom, the large and [...]
The USDZAR is trading lower after the South African Reserve Bank left interest rates unchanged at 6.50%. There had been divided consensus among analysts, with majority projecting a 25bps cut in the repo rate. The decision can therefore be seen as a hawkish surprise and the South African Rand is [...]
Today, the South African Rand is trading lower vs. the US Dollar (USDZAR), and many other of its other peers such as the Euro as emerging markets currencies are under pressure. The USDZAR pair is now at risk of trading to the August 23 low of 15.08. Last week, the [...]
USDZAR is under selling pressure for one more day, giving up 0.52% at 14.6910 despite the South Africa Manufacturing Production Index (year over year) came in at -1.1%, below forecasts of-1% in July. Later today traders await the US NFIB small business optimism index while the focus will be on [...]
The South African Rand is down today after disappointing employment data for the top African economy were released to the market. Unemployment rate rose by 4% to reach 29%, while the number of unemployed adults in the country rose from 6.2million people to 6.7million people. As a result the USDZAR [...]
European traders today awaiting the German Gfk Consumer Confidence Survey which will be released at 06:00GMT. The Swiss ZEW Survey will be published at 08:00GMT while the UK BBA Mortgage Approvals data will be released at 08:30GMT. The Bank of England’s Carney will testify on May inflation report before the [...]
