Category: ZAR

South African Rand News and Analysis from varies Financial media, we summarize all ZAR news into a sitemap summary with link to related ZAR News for the one who wanted to catch up South African Rand price change in timely manner.


Rand Report: Rand kicks back against developed markets

South Africa trade surplus rose to R28.96 billion in February 2021, exceeding expectations and bolstering the Rand.. Growth in vehicle sales of over 30% also reinforced the narrative of economic recovery and an uptick in…

Rand report: Dollar preference limits emerging market upside

The central bank has also revised Gross Domestic Product (GDP) growth estimates for 2021 up to 3.8%, from 3.6%.. However, despite the positive local data, investor preference for major developed-market currencies has erased…

ZAR Strength May Soon Dissipate: Q2 Top Trading Opportunities

Bullish USD/ZAR, EUR/ZAR– Rand Strength May Soon Dissipate Advertisement Since mid-2020 the South African Rand has ridden the wave of “risk-on”. The country long-term structural challenges continue to occupy news headlines,…

South African Rand Dollar Price Forecast: USD/ZAR Bounces Between Key Levels

The South African Rand continues to maintain a certain degree of strength against its major counterparts despite the vaccination program lagging behind both developed and Emerging Markets (EM). Despite the recent reopening of the economy, cash strapped power utility Eskom struggles to keep the lights on, resulting in the reimplementation of load shedding…

USD/ZAR Outlook: Upbeat South African GDP Data Bolsters Rand

South African GDP surpasses estimatesSubdued bond yieldsUSD/ZAR remains within rectangle patternShort-term downside likely to extendSA GDP figures improved on estimates both YoY and QoQ as seen in the images above with the largest contributors to positive growth coming from transport, trade and manufacturing respectively. U.S. treasury yields…

What “Normal” Are We Returning To? The Depression Nobody Dares Acknowledge

Authored by Charles Hugh Smith via OfTwoMinds blog,Perhaps we need an honest national dialog about declining expectations, rising inequality, social depression and the failure of the status quo.Even as the chirpy happy-talk of a return to normal floods the airwaves, what nobody dares acknowledge is that “normal” for a rising number…

South African Rand Outlook: USD/ZAR Timid Following Ratings Warning

USD/ZAR ANALYSISZAR gains interrupted by ratings warningManufacturing PMI data in focus later todayPotential for rectangle breakout on weekly RAND FUNDAMENTAL BACKDROPThe Rand opened up stronger this week after optimism around the U.S. stimulus package prompted the repetitive and familiar shift to ‘risk-on’. Coupled with lesser restrictions…

South African Rand Outlook: USD/ZAR Slips as U.S. Yields Rally

USD/ZAR ANALYSISU.S. 10Y treasury yields coming off yesterday’s highsNumerous economic announcements scheduled later todayPossible inside bar candle pattern on the horizon RAND FUNDAMENTAL BACKDROPThe Rand gave back most of its February gains yesterday as U.S. yields surged following poor bids in the U.S. government debt auction. This demonstrates…

Rand Dollar Forecast: SA Budget Speech Sparks Optimism for USD/ZAR Bears

USD/ZAR Price Analysis: Advertisement The South African Rand continued to strengthen against the greenback after South African Finance Minister Tito Mboweni presented the annual budget speech earlier today, highlighting the Fiscal Framework for the next financial year. Although the Emerging Market (EM) is expected to rebound by approximately 3.3% ,…

South African rand gains sharply on Fed chair comments

Article contentJOHANNESBURG — The South African rand gained sharply on Tuesday afternoon after Federal Reserve Chair Jerome Powell said the U.S. economy needed support for “some time,” comments that hurt the dollar.The prospect of ongoing support by the central bank of the world’s largest economy is positive for emerging markets like South Africa.The…

South African Rand Outlook: Multi-Year Support Pending for USD/ZAR

USD/ZAR ANALYSIS Rand continues to strengthen irrespective of fiscal woes Global factors linger as dominant influence on USD/ZAR Key SA economic data scheduled this week Advertisement RAND FUNDAMENTAL BACKDROP Strong start to the week for the Rand as USD/ZAR extends to fresh new lows for 2021. This positive start is a consequence of global optimism

UPDATE 1-Carry trade appeal helps South African rand, stocks surge

By Reuters Staff2 Min Read(Updates rand, bond prices; adds stocks)JOHANNESBURG, Feb 1 (Reuters) - The South African rand firmed on Monday, adding to gains at the end of last week as yield-seeking investors made tentative bets on the volatile currency, while stocks moved up.At 1500 GMT, the rand was 0.74% firmer at 15.0450 against the U.S. dollar.“The

Nguyen Phu Trong, Vietnam’s anti-corruption czar, crowned party chief again

Article content continuedSecuring a third term implies that other party factions do not view Trong as a threat to their long-term race to power, said Nguyen at Control Risks. “He can be a kind of compromise figure,” she said.There were times during Trong’s second term where the future of his rule seemed uncertain. He disappeared from public view

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