usd-zar
Weekly USD/ZAR Price Prediction: SA Rand Rebound Breaks 18 After Trump-Ramaphosa
Following months of pressure, the South African Rand is gaining momentum as a result of technical movements in the USD/ZAR currency rate...
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Last updated: Wednesday, June 4, 2025
Quick overview
- The South African Rand is gaining strength due to favorable trade sentiment and a weaker dollar, reversing its long-term downtrend against the US dollar.
- Investor confidence has improved, driven by optimism around US-China trade progress and expectations for better South African export prospects.
- Local political developments, including potential changes to the inflation-targeting framework and the abandonment of a VAT increase, have further boosted investor sentiment.
- Upcoming diplomatic meetings between South African and US leaders are seen as crucial for improving bilateral trade relations.
Live USD/ZAR Chart
MARKETS TREND
Following months of pressure, the South African Rand is gaining momentum as a result of technical movements in the USD/ZAR currency rate, a weaker dollar, and positive trade sentiment.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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