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
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 [...]
The South African Reserve Bank (SARB) has voted in a split decision to keep the Repurchase Rate at 6.5%. This was announced a short while ago by the SARB Governor Lesetja Kganyago. In a vote which had 3 members voting for a rate hold and 2 members voting for a [...]
Watch the live press conference of the South African Reserve bank here. Volatility on the South African Rand increased as the Governor Lesetja Kganyago started speaking, and the Rand gained vs. the USD as the USDZAR reached a new monthly low of 14.64. The Rand also strengthen against the Euro [...]
The South African Reserve Bank (SARB) is expected to announce its key policy rate tomorrow at the end of its 3-day meeting which started yesterday. This meeting is the final one for the year and comes on the back of a very gloomy outlook for the rainbow nation’s economy. The...
The USDZAR soared 2.5% this Wednesday afternoon after South African Finance Minister Tito Mboweni painted a grim outlook for the economy in his inaugural Medium Term Budget Policy Statement (MTBPS). Mboweni's MTBPS highlighted what many had already feared: the South African economy is in a downward spiral. The South African...
USDZAR has pushed around 0.7% higher after the South African unemployment rate for the second quarter of 2019 hit 29.1%, a fresh 15-year high. The reported figures are in line with the market expectations, while the unemployment rate for Q1 was reported at 29%. Don’t miss a beat! Follow us [...]
Fresh data from South Africa show that the Consumer Price Index (CPI) rose 0.3% in inter-month against market expectations of 0.4%. On an annual basis, the CPI came in at 4.1%, versus the expected 4.2%. As a result, USDZAR has moved slightly lower and it now approaches the key support [...]
