The USDZAR pair jumped today as traders reflected on the weak inflation numbers from South Africa. The pair is up by almost 0.40% and is trading at 17.3095, which is higher than the day’s low of 17.1718.
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 Chart by TradingView
This week, the focus in the trading community was on key economic numbers, second wave of the coronavirus, and central...
The USDZAR pair is down slightly today as investors reflect on the recent downfall of the South African rand. The pair is trading at 17.3900, which is slightly below the day’s high of 17.4670.
Tomorrow at 9.30 am UTC, South Africa’s employment data will be released. This data is composed of the unemployment rate...
The South African rand is in trouble. The currency has declined by more than 1% against the US dollar, 0.87%...
The USDZAR pair continued its descent as the South African rand momentum continued to fall. The pair is now trading...
The USDZAR pair rose slightly today as the South African rand rally hit a breather. The pair is trading at...
The USDZAR pair declined by more than 1.10% as the overall US dollar weakness continued even in the emerging markets....
The USDZAR was little changed as the South African rand remained steady against the USD. The pair is trading at...
The USDZAR pair dropped slightly mostly because of the overall weakness of the US dollar. The dollar index, which measures the performance of the USD against a basket of currencies declined by more than 20 basis points.