USDZAR: Here’s Why South African Rand Rallied After Credit Rate Cuts

The USDZAR is down for the third consecutive day as traders react to the latest South Africa credit rate downgrades. The risk-on sentiment in the market has also helped boost the South African rand against the US dollar. On Friday, Fitch Ratings and Moody’s delivered another credit rate cut for…

Continue reading with a free membership account. It takes seconds to create.


Related Posts: