U
U

USDZAR

Trade Ideas

Traders Sentiment

Technical Summary

Hourly

News

South African rand dragged down by stronger dollar

JOHANNESBURG, Aug 19 (Reuters) - The South African rand was weaker in early trade on Friday, dragged down by a stronger dollar as Federal Reserve officials continued to talk up the need for further interest rate hikes. At 0620 GMT, the rand ZAR=D3 traded at 16.9200 against the dollar, down more than 0.2% on its previous close. The rand has now lost more than 4% against the dollar this week as the U.S.
U

S.African rand dips as dollar hits three-week high after Fed minutes

(Updates prices to reflect afternoon trade) JOHANNESBURG, Aug 18 (Reuters) - The South African rand fell on Thursday, extending the previous day's losses, as the dollar bounced on investor uncertainty surrounding the pace of interest rate hikes by the U.S. Federal Reserve to tame inflation. Federal Reserve minutes on Wednesday pointed to U.S. interest rates staying higher for longer, boosting the dollar and hurting emerging market currencies like the rand.
U

Turkish lira leads losses after rate cut

* Turkey cenbank cuts key interest rate by 100 bps * Brazil economy minister raises economic growth forecast By Susan Mathew Aug 18 (Reuters) - The Turkish lira led losses among emerging market currencies on Thursday after the country's central bank delivered a shock one percentage point cut in the key lending rate, while a stronger dollar saw Brazil's real erase almost all session gains.
U
U
U

South African rand weakens as dollar on front foot

JOHANNESBURG, Aug 18 (Reuters) - The South African rand fell in early trade on Thursday, extending the previous day's losses, as the dollar traded on the front foot on global markets. Federal Reserve minutes on Wednesday pointed to U.S. interest rates staying higher for longer, boosting the dollar and hurting emerging market currencies like the rand.
U

Currencies deepen losses after Fed minutes

* S.African rand slides 1.8% as retail sales declines * Fed minutes show more rate hikes to come * Latam FX slide sharply, COP down 2% By Susan Mathew Aug 17 (Reuters) - South Africa's rand deepened losses on Wednesday hit by falling retail sales, while Latin American currencies fell heavily as the dollar inched up after the U.S. Federal Reserve's last policy meeting minutes showed more interest rate hikes to come.
U
U

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.