The USD/ZAR price is approaching its lowest level this year as traders react to the relatively positive data and news from South Africa. The South African rand is trading at 14.53, which is slightly above the year-to-date low of 14.38. What happened: The USD/ZAR price declined as the market reacted […]
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
Commerzbank is predicting that the USD/ZAR could extend the slump if the pair can break below the 14.5044/14.3952 price zone. This analysis comes as the South African Rand resumes its price appreciation against the greenback, as the carry trade scenarios allow emerging market currencies to make a run against the […]
USD/ZAR is on a price consolidation pattern after hitting a one-week high earlier on Thursday’s session. The price movement has slowed down as investors await the interest rate decision by the South African Reserve Bank (SARB). The central bank commenced its meeting on monetary policy yesterday and is scheduled to […]
The USD/ZAR is falling as investors start pricing-in an interest rate hike by the South African Central Bank (SARB). The South African rand is trading at 14.67 against the US dollar. What happened: In its previous interest rate decision, the South African Reserve Bank hinted that it will hike interest […]
The USD/ZAR is heading strongly into the third day of gains, as easing US long-term bond yields leaves the greenback struggling for demand this Thursday. This also follows the underwhelming inflation report of Wednesday, which showed that US Core Consumer Price Index rose by only 0.1% monthly, which was less […]
The USD/ZAR has retreated today as investors react to the falling US Treasury yields ahead of the South Africa GDP data. The pair is trading at 15.380, which is slightly below yesterday’s 15.5685. USD/ZAR news: After rallying sharply yesterday, the 10-year yield declined to 1.554% today. Similarly, the 30-year yield […]
The USD/ZAR price rose sharply in the overnight session as US Treasury yields rose. The South African rand has declined by almost 6% in the past two weeks. What happened: The USD/ZAR has rallied recently mostly because of the ongoing sell-off of US bonds. In the overnight session, the yields […]
The South African Rand is down 0.31% against the US Dollar, after the release of the latest quarterly employment data from the rainbow nation. The USDZAR rose slightly this Tuesday after South Africa’s unemployment rate jumped from 30.8% to 32.5% in the 4th quarter of 2020. Total unemployment figures also climbed […]
The USDZAR is up 0.58% this Wednesday, as the South African Rand weakened on the back of profit-taking from investors looking to cash out of the recent strong rally in the rainbow currency. The US Dollar strengthened against the Rand as a result of the surge in demand for the […]
The USDZAR plunged further on Monday, as yield hunters continue to seek out emerging market currencies that have a higher interest rate than the US Dollar. Standard Bank’s Chief Trader Warrick Butler has identified flows into the Rand from international investors and exporters who are awash with loads of investment […]