• USD/ZAR: Easy gains for the Rand are likely behind us – SocGen

Noticias del mercado

20 junio 2023

USD/ZAR: Easy gains for the Rand are likely behind us – SocGen

Inflation data from South Africa is due tomorrow. Economists at Société Générale analyze Rand outlook ahead of the report.

USD/ZAR faces psychological support at 18.00

A decline in headline to 6.5% YoY in May from 6.8% is the consensus and may support the ZAR via higher real rates. 

Easy gains for the Rand are likely behind us. 

USD/ZAR faces psychological support at 18.00. The 200-Day Moving Average runs just below 17.97 and has proved a tough obstacle at least three times in the last 12 months.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: