Moody’s downgraded the country to ‘junk’ status on Friday.
Tag - south africa
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?
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
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.
South Africa is holding its biggest elections today since the dawn of the democracy.
What has been driving USD/ZAR during the last days? Let's find out from the video.
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.
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.