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USD/ZAR

Moving away from the Pound in the late 50's to early 60's, the Rand was established and is the current legal tender for South Africa, Swaziland, Lesotho and Namibia. The Rand has had its fair share of volatility with the currency depreciating massively following the apartheid era sanctions. The currency looks to benefit when investors are willing to take on more risk in developing countries. Any pullback in risk from global markets pushes the Rand significantly lower as seen during the financial crisis of 2008.

USD/ZAR Rate

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Weekly US Dollar and South African Rand Trading Forecast

Symbol Forecast Outlook

US Dollar and South African Rand News

SARB Maintains 5.75% Repo Rate as Inflation Outlook Deteriorates
Despite looming upward pressures on the near-term inflation rate, the SARB held interest rates constant in March. USDZAR remains supported above ascending treandline.
South Africa: Wrap-Up and Look Ahead (March 23-27)
After the release of favorable CPI and Retail Sales data, South Africa’s Rand will next look to move in response to the SARB’s interest rate announcement and SSA’...
South Africa: Rand Firms as Inflation Drops and Retail Sales Rise
The Rand regained some of its footing against the US dollar on Wednesday, as South Africa’s inflation fell and retail sales rose.
South Africa: Wrap-Up and Look Ahead
Plagued by disappointing data last week, South Africa will look to this week's release of CPI, Retail Sales and Leading Indicator to potentially turn the USD/ZAR around.
Like Dominos, Manufacturing Output Drops in South Africa
As with mining output, industrial production fades in South Africa at the start of 2015. The USDZAR retraces in a channel after reaching a new 2015 high.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Mon
Mar 30
12:30
USD Personal Consumption Expenditure Core (YoY) (FEB) 1.3% 1.3%
Tue
Mar 31
14:00
USD Consumer Confidence (MAR) 96.4 96.4
Wed
Apr 1
14:00
USD ISM Manufacturing (MAR) 52.5 52.9
Fri
Apr 3
12:30
USD Change in Non-farm Payrolls (MAR) 248K 295K
12:30
USD Unemployment Rate (MAR) 5.5% 5.5%