The South African Rand looks to be entering a short-term period of strength and further advances against the Pound, Euro and U.S. Dollar beckons, according to new studies.
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A travel money specialist has reported a spike in travel money orders for the U.S. and South Africa as UK and global travel restrictions continue to ease.
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The South African Rand "faces a tough fourth quarter," according to a prominent analyst we follow, a call that if correct would allow the Pound-to-Rand exchange rate to retest August highs.
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The Rand appeared unfazed when the South African Reserve Bank (SARB) reiterated that it intends to be patient before raising South African interest rates.
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Goldman Sachs have downgraded their South African Rand forecasts, saying the "high octane" phase of the post-Covid recovery has now passed.
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The South African Rand was testing notable support levels including its 200-week moving-average in the final session of the week as a days-long sell-off in risky currencies appeared to wane, leavin…
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A sharp fall in the South African Rand is one of the more notable developments in global FX, particularly as it comes amidst a supportive global backdrop.
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The Rand remained the market’s outperformer ahead of the weekend following a show of strength and resilience that could be set to persist for some time yet as it reaps the rewards of the commodity …
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The South African Rand broke above a trio of key levels on the charts ahead of the weekend.
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