Last week, the South African rand had a tough trading week as it weakened against 17 of the 19 currencies we monitor.
Last week, the South African rand initially weakened but ended in the green and strengthened against 16 of the 19 currencies we monitor.
The South African rand had a terrible week last week, and lost value against all the currencies we monitor.
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The South African rand had a stellar week last week, as it appreciated against all the currencies we monitor.
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This week, due to the recent central bank activity, the ZAR ended in the red again against all major developed-market rivals.
After a few weeks of bullish sentiments, the South African Rand has lost its forward momentum. The recent US inflation data affected the ZAR.
The South African Rand ended last week in the green. Unemployment rates for Q1 of 2022 were also released and sit at 34.5%.
The South African rand had a mixed week. It benefitted from positive outlook ratings by the S&P but the USD/ZAR pair lost 1.67% of its value.
The SARB announced that they will be raising the interest rates to 4.75%, which resulted in the rand strengthening across the board.
The emerging-market rand encountered some recent headwinds, amid heightened market volatility and continued US Dollar strength.
The rand took another hit last week, weakening against 16 of the top 19 currency pairs.