The Pound to Rand exchange rate rose to five month highs during the opening half of the week but lost momentum upon contact with an emerging layer of technical resistance around 20.6248 on the char…
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The Rand has rebounded from one year lows with the help of South African Reserve Bank (SARB) interest rate policy and a softening of the U.S. Dollar that have helped pull USD/ZAR down from a key re…
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The South African Rand outperformed all comparable currencies ahead of the weekend and a barely a day after the South African Reserve Bank (SARB) sought to tamp down domestic inflation expectations…
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The Pound to Rand exchange rate was left struggling after its earlier rally was stymied when the South African Reserve Bank (SARB) announced its largest interest rate rise for two decades in a bid …
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The South African Rand benefited from a widespread retreat by the U.S. Dollar early in the new week but it remained an underperformer for the month of July and potentially faces risks associated wi…
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The South African Rand tested but then rebounded from important support levels against the U.S. Dollar and Sterling on the charts early this week, and in tandem with a European single currency that…
Read more … →The South African Rand extended a fortnight run of losses this week, which has lifted GBP/ZAR toward an important level of technical resistance on the charts and risks inviting a higher range to pe…
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The Pound to South African Rand exchange rate entered the new week close to three-month highs but would risk slipping back toward the 19.50 level or below in the days ahead if the Dollar remains so…
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The South African Rand was eroding a major level of support on the charts ahead of the weekend after broad and widespread strength in the U.S. Dollar conspired with market concerns about local fact…
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