Therefore, the path of the least resistance for the USD to ZAR pair is bearish, with the next point to watch being the psychological point at 17, its lowest point in February 2023. Federal Reserve SystemSouth AfricaUSDZARForexTrading Ideas ...
SAGB yields have declined across the curve as the new week gets underway. South African 5-year breakeven inflation rate has dipped to 4.37%, below the SARB's inflation target mid-point of +4.5% Y/Y. 10-year breakeven inflation rate has dropped to 5.41%, briefly hitting its lowest levels...
USDZAR price action this week has largely been a function of broader greenback trends, and following the US retail sales, the pair recovered above the European session highs. Notably, the pair tested 17.5965 earlier today, the Aug 30 low and lowest level since July 2023. This level remains t...