We still think this Rand is going higher, and only a close below the short-term trend line will show us better levels down to 13.10’s in the short term. Today I feel we will trade 13.24 – 13.42 range. USD/ZAR Yesterday evening the US Federal Reserve increased US interest rates by another 0.25%, which markets
Tag Archives: Forex News
17
May
May
USD/ZAR – The Rand regained 50% of its losses from Monday/Tuesday Possible best buying today around 12.40 with a move back up to 12.52 highly anticipated. The market is waiting to see what the Federal reserve will do with US interest rates next week. The US Federal Reserve has maintained a fairly hawkish position throughout,
