Room for the South African Rand to play catch up with ongoing rally in EM FX – MUFG
Analysts at MUFG Bank see the USD/ZAR moving to the downside over the next days. They point out the South African Rand has failed to strengthen alongside other Emerging Market currencies on the back of building optimism over a dovish Federal Reserve policy pivot and China’s economy reopening more fully this year. Key quotes: “The […]
Dollar Remains Dominant Driver of Rand Post NFP
Rand Dollar Outlook: USD/ZAR Influenced by a Slightly Higher Dollar Post NFP Recommended by Tammy Da Costa Get Your Free USD Forecast US Employment Remains Robust After Strong NFP Report but Rand Resilience Holds USD/ZAR is currently trading around 0.95% higher on the week as the safe-haven Dollar recuperated a portion of recent losses. As […]