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South African Rand Dollar Forecast: USD/ZAR Edges towards 15.00, FED takes center stage


South African Rand Dollar Forecast: USD/ZAR Edges towards 15.00, FED takes center stage
USD/ZAR Price Outlook:
US Economic Data remains at the forefront of risk-sentiment (at least for now)
Fed remains under pressure amid heightened inflationary concerns
USD/ZAR has turned positive after breaking above the key psychological level of 14.00 that previously held bulls at bay. With the political turmoil recently weighing on the volatile ZAR, the key psychological level of 15.00 currently remains in sight as investors and traders focus on important US economic data, (namely tomorrow’s Fed Interest rate decision) may further assist in the catalyzation of price action for the imminent move. ....

Fed Interest , African Rand Dollar Forecast , Emerging Market Currency , Tammy Da Costa , Exponential Moving Average , ஊட்டி ஆர்வம் , வளர்ந்து வருகிறது சந்தை நாணய , தம்மி டா கோஸ்டா , அதிவேக நகரும் சராசரி ,

South African Rand Dollar Forecast: USD/ZAR Humbles Bears, Treasury Yields Climb


South African Rand Dollar Forecast: USD/ZAR Humbles Bears, Treasury Yields Climb
USD/ZAR Forecast:
Psychological level of 15.00 appears to be probable
USD gains as risk sentiment favors safe-haven currencies
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Over the past few weeks, the Rand has been surprisingly strong against major currencies, helped along by a return of US Dollar weakness. Although first world countries have already begun the inoculation process against Covid-19, the discovery of a new variant 501y.v2 deemed the Astrazenaca vaccine to be relatively ineffective, resulting in a lag in the projected rollout program in South Africa.
With the Emerging Market (EM) struggling with Fiscal constraints, increasing US treasury yields boosting the demand for the safe-haven currency, next week’s budget speech will likely have a heavy focus from investors, possibly setting the tables for further rating downgrades in March. ....

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