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.
The USD/ZAR price is down for the third consecutive day in part due to the overall weak US dollar and a return of the risk-on sentiment. The South African rand has gained more than 5% in the past few days alone. What’s happening: The South African rand has been rallying […]
The USDZAR gained ground this Thursday, as market players have started to price in the possibility of a rate cut by the South African Reserve Bank (SARB). Analysts at NKC African Economics are pushing an outlook of a 25 bps rate cut on January 21, citing the need for an […]
The USD/ZAR pair retreated yesterday even as the number of coronavirus cases continued to rise in South Africa. The pair is down by more than 2.60% since yesterday and is trading at 15.2272. What happened: South Africa has been battling a new strain of coronavirus that is spreading relatively faster. […]
The USD/ZAR pair is wavering today after it rose by more than 2% yesterday. The pair is trading at 15.0167, which is 3.50% above last week’s low of 14.4960. What happened: The South African rand has been in a strong upward trend in the past few months. It rose by […]
The USDZAR is down 0.50% on Wednesday as the South African Rand bounces back from an early-week dollar rally. The greenback bounced as fears of further lockdowns came to the fore. The talk of a new virus variation in the U.K. saw 40 countries banning travel to the country and […]
The USD/ZAR price is up by more than 1.50% as the South African rand gets under intense pressure. The GBP/ZAR and EUR/ZAR have also risen by 0.85% and 1.12%, respectively. Why is the South African rand struggling: The biggest reason why the USD/ZAR has risen sharply is that SA has […]
The USD/ZAR pair is firmly in the red ahead of the Federal Reserve interest rate decision. It is trading at 14.8390, which is 23% below its year-to-date high. And analysts at Unicredit believe that the South African rand could rise to as high as 14.67. What is happening? The Fed […]
USDZAR was lower on the day by 0.8% as the pair struggles to see follow-through above the 15.00 support level. A two-day rally saw the US Dollar trading near 15.20 but the bears are back in control as the week gets underway.
The USD/ZAR pair is up slightly after mixed economic data from South Africa. It is trading at 15.03, which is slightly higher than yesterday’s low of 14.8686. Still, the South African rand is hovering at an 11-month high against the greenback. It has also risen by more than 20% against […]
USDZAR has tumbled this week to breach the 15.00 level as US dollar weakness persists. Better-than-expected GDP figures from the South African economy has boosted the Rand.
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