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

USDZAR Unfazed After SARB Cuts Rates to 6.25%

Forex Jan 16, 2020, 14:17 GMT by Nikolas Papas

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 Rebounds On Stronger ISM Non-Manufacturing PMI

Forex Jan 07, 2020, 15:51 GMT by Nikolas Papas

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 from Five-Month Lows On Risk Aversion

Forex Jan 03, 2020, 11:29 GMT by Nikolas Papas

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 Hits Five-Month Lows Below 14.000 and Rebounds

Forex Dec 30, 2019, 12:14 GMT by Nikolas Papas

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 Slumps to Four-Month Lows Below 14.300

Forex Dec 18, 2019, 16:21 GMT by Nikolas Papas

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 [...]

USDZAR Soars as Massive Power Cuts in South Africa Hit Rand Badly

Forex Dec 10, 2019, 12:18 GMT by Eno Eteng (MSTA)

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 [...]

USDZAR: Rand Drops 1.2 Percent on Negative South African GDP Growth

Forex Dec 03, 2019, 11:36 GMT by Alejandro Zambrano

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 [...]

USDZAR Modestly Lower as South African Reserve Bank Holds Rates

Forex Nov 21, 2019, 13:38 GMT by Eno Eteng (MSTA)

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 [...]

USDZAR: Watch the Live SARB MPC Meeting Here

Forex Nov 21, 2019, 13:15 GMT by Alejandro Zambrano

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 [...]

USDZAR: Preview of South African Reserve Bank (SARB) Rate Decision

Forex Nov 20, 2019, 11:26 GMT by Eno Eteng (MSTA)

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...

This is freemium content. Use Facebook or Google, or type in your details, to create your account in seconds.
Log In Register [nextend_social_login style="icon"]