South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
Tag - south africa
ZAR: the Minister's power
USD steps back to give room to the ZAR on the speech of the South Africa's Finance Minister Mboweni. How far ZAR can march?
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
What weakens the South African rand?
The South African currency has weakened on Tuesday. As a result, the USD/ZAR pair has tested its March’s highs near the 14.63 level.
Elections in South Africa: the rally is on
South Africa is holding its biggest elections today since the dawn of the democracy.
The insights into exotic pairs: the ZAR
What has been driving USD/ZAR during the last days? Let's find out from the video.
The key levels for the South African Rand this week
After the bullish start of the year, the rand has started to weaken since the last Thursday. Let’s point out the main factors affecting the ZAR and set the key levels for this week’s trading.
USD/ZAR awaits the Moody's rating
South Africa anticipates the Moody's review of the country's debt. The release was scheduled on Friday, October 12, however, it was postponed. Some analysts expect it to be released after the Medium-term budget policy statement (MTBPS) on October 24.
