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 UZDZAR pair rose is up by more than 1.25% today as traders react to the US fiscal stimulus and the decision by S&P Global to downgrade Mexico’s credit score. The South African rand has weakened by more than 25% against the USD this year. The latest price action by [...]
The GBP to rand pair declined today as the number of South African Coronavirus cases rose. According to the Ministry of Health, more than 274 people have been infected with the disease and the number is growing. The weakening fundamentals of the South African economy has been reflected on the [...]
The South African Reserve Bank (SARB) has cut its key policy rate by 100 bps in a unanimous vote, sending the interest rates to 5.25% and capping the USDZAR’s intraday gains at 17.3150. In a rate statement which featured a reduced media presence as precautions against COVID-19 kick in, the [...]
USDZAR jumps higher at 14.4425 after the South Africa central bank cut interest rates to 6.25% from 6.5%. Most of the analysts expected that SARB would keep interest rates unchanged. SARB in a statement lowered the 2019 GDP forecast to 0.4% from 0.5%. Above that SARB also lowered the GDP [...]
USDZAR recovers today yesterday’s losses as the pair attempts to rebound from five-month lows. USD today is gaining momentum after two consecutive weeks of loses. The greenback boosted today by better fundamental data. The U.S. ISM Non-Manufacturing PMI came in at 55 above expectations of 54.5 in December. The U.S. [...]
USDZAR rebounds today from five-month lows amid general risk aversion. Increased tensions an fears of a military conflict between Iran and USA after General Qasem Soleimani killed earlier at Baghdad airport in an airstrike ordered by US President Trump. There are some reports that the US embassy in Iran urges [...]
USDZAR breached the 14.000 mark earlier today making fresh five-month lows amid general USD weakness. Emerging market currencies boosted from phase one deal between the U.S. and China in the last trading sessions. The central bank in its November policy meeting kept its benchmark interest rate unchanged at 6.50%. South [...]
USDZAR is under selling pressure for one more day. The pair hits fresh four-month lows amid USD weakness after the Phase One trade deal between China and USA. The central bank of South Africa in its latest policy meeting in November kept its benchmark interest rate unchanged at 6.50%. SARB [...]
Despite upbeat manufacturing production data released this morning, the South African Rand plunged against the US Dollar on an announcement of a rollout of massive load shedding across the country. The troubled state-owned power company Eskom has announced that it will shave off 6,000 MW of demand in order to [...]
The South African Rand (USDZAR) is under pressure this morning, as the latest South African GDP reading showed that the economy contracted by 0.6% in the third quarter. Economists had penciled in a quarterly growth of 0.1%, a sharp drop from 3.2% in the second quarter, thus today’s weak reading [...]
