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.


News


South African Rand Gains On Dollar Despite GDP Missing Estimates

South Africa’s Rand has advanced on the US Dollar, despite a weaker-than-expected rise in South African GDP, as some emerging-market currencies make up lost ground in the wake of a weakening Greenback.
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USD/ZAR, Up Big After US Elections, Steadies as SARB Holds Rates


Bullish USD/ZAR Stop Buy on Possible Fed Hawkishness


Technical Focus: Big Test in USD/ZAR


USD/ZAR Breaks Channel Resistance


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Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bullish USD/ZAR: Looking To Buy On Break of Lower High @ 100-DMA (14.58)
Expertise: Elliott Wave, Technical Analysis, and Intermarket Analysis
Average Time Frame of Trades: 1 Week - 3 Weeks

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