
Rand Report: Rand Slips Further Into Oversold Territory
Last week, the absence of significant South African data left the ZAR without a definitive local catalyst. The currency was swayed by global factors, such as the banking crisis in the US,...
Release Date
|
Time
|
Actual
|
Forecast
|
Previous
|
---|---|---|---|---|
May 11, 2023 (Mar) | 13:00 | -1.1% | -6.1% |
-5.6%
|
Apr 11, 2023 (Feb) | 13:00 | -5.2% | -2.2% |
-4.1%
|
Mar 14, 2023 (Jan) | 13:00 | -3.7% | -5.1% |
-4.5%
|
Feb 09, 2023 (Dec) | 13:00 | -4.7% | -2.5% |
-1.8%
|
Jan 10, 2023 (Nov) | 13:00 | -1.1% | -2.3% |
1.0%
|
Last week, the absence of significant South African data left the ZAR without a definitive local catalyst. The currency was swayed by global factors, such as the banking crisis in the US,...
Global markets were closed on Friday due to Good Friday, and some markets will have a shortened week as Monday was also a public holiday for Easter. As investors return to trading desks,...
The South African Rand had yet another tough time in the forex markets last week, as prevailing local conditions continue to put pressure on the emerging-market currency. On the bright side,...
The South African Rand ended yet another week in the red with disappointing economic data serving as the catalyst for ZAR weakness. South African GDP growth figures were released last week...
The South African Rand remained subdued in the forex markets, with poor economic conditions preventing the ZAR from gathering any sustained momentum. With a lack of significant local data,...
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