• USD/ZAR: Rand likely to remain at risk in a challenging interest rate environment – Commerzbank

Noticias del mercado

21 julio 2023

USD/ZAR: Rand likely to remain at risk in a challenging interest rate environment – Commerzbank

The South African central bank’s rate decision on Thursday was tight as expected. Economists at Commerzbank analyze Rand's outlook.

The door remains wide open for further monetary policy tightening

The door remains wide open for further monetary policy tightening, which provided moderate support for the market’s rate hike expectations and is likely to have supported the Rand. The SARB’s stability orientated approach is likely to remain an important anchor for the Rand exchange rates.

Medium to long-term we urge caution. The ZAR is likely to remain at risk in a challenging interest rate environment and in view of domestic risks. In case of risk averse market sentiment, there is a risk of serious losses.

 

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: