The South African Rand was trading near its 2022 low in the midweek session following its largest weekly fall since March 2020 but one trader at Credit Suisse says the sell-off looks “overdone” and…
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Swiss based investment bank Credit Suisse have lowered their forecasts for the South African Rand.
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The Rand was testing a cluster of notable technical supportson the charts in midweek session after the South African currency’s centenary anniversary was marred by sharp declines, while its prospec…
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The South African Rand outperformed early this week and its breakout advance against the U.S. Dollar is further significant because it potentially places GBP/ZAR on course for its lowest level sinc…
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The South African Rand has paused for breath in most recent trading following a strong and sustained rally to open the new year, while this nascent consolidation of earlier gains has enabled USD/ZA…
Read more … →ZAR builds further gains after SARB raises cash rate.
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The South African Rand has this week pushed Sterling to a six-month low in the process and some forecasters suggest the GBP/ZAR exchange rate is likely to fall further in the weeks and months ahead…
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The South African Rand has enjoyed a strong start to 2022 but this support is expected to fade over coming months according to local lender and investment bank Nedbank.
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GBP/ZAR steadies at 19.57 after March sell-off, but could struggle to recover much past 20.00.
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