The Rand entered the new week in a position of vulnerability after recent losses undermined a pair of important resistance levels for the USD/ZAR exchange rate, giving rise to a risk of further losses for the South African currency that would also imply upside potential for GBP/ZAR.

November 24,2021

The Rand whipsawed after the SARB raised its cash rate with price action coming as a strong Dollar appeared to weigh on many currencies.

November 18,2021

"The rand risks marked weakness if the MPC does not hike the repo rate this week as other EM currencies pull ahead," - Annabel Bishop, Chief Economist at Investec.

November 15,2021

GBP/ZAR is rising after finding support at the 20.00 handle and bouncing.

November 10,2021

The Rand tumbled alongside many other currencies in the mid-week session as the global market tide turned against risky assets while lifting perceived safe-havens in price action that could lead the South African currency to revisit August lows against the Dollar and Pound.

October 27,2021

• South African Rand Forecasts
• Exchange Rate Forecasts

Investor confidence in the Rand has been permanently shaken by the July riots, while expectations for interest rate rises at the U.S. Federal Reserve will act as a global headwind to the currency.

October 24,2021

The South African Rand pared away some of September’s losses in the opening week of October but a tightrope of risks still litters the currency’s path through the remainder of the month and could serve to limit its recovery over the coming weeks.

October 8,2021

• South African Rand Forecast
• Exchange Rate Forecasts

The South African Rand looks to be entering a short-term period of strength and further advances against the Pound, Euro and U.S. Dollar beckons, according to new studies.

October 4,2021