USD/ZAR Shakes Off Dovish SARB & Positive US GDP
South African Rand, Dollar Latest: SARB (South African Reserve Bank) raises the repo rate by 25-basis points to 7.25% (below expectations of 7.5%). USD/ZAR digests commentary from the MPC (monetary policy committee) – load shedding and the intense power-cuts dampen sentiment as productivity declines. US GDP and durable goods exceed beat estimates highlighting a resilient …
USD/ZAR Shakes Off Dovish SARB & Positive US GDP Read More »