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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 faces Political pressure from both sides. Price Action remains confined to key Fibonacci levels. Get your $USDZAR market update from @Tams707 here: https://t.co/RVqKp8nsvI https://t.co/AiX0JJVyD0
USD/ZAR has not been a particularly easy read for some time now, and that may continue to be the case in the near-term. Get your $USDZAR market update technical analysis from @PaulRobinsonFX here: https://t.co/Z6Aw2nelOr https://t.co/SMAGWZnltc
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