Monday, 11 January 2021

USD/ZAR Outlook: Key Resistance Holds After Rands Counter Trend Move

Last weeks surprise 4.34% spike on USD/ZAR has since been consolidating after South Africa locks in initial COVID-19 vaccines. Is the Dollar rally over or will the Rand bounce back?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...