Thursday, 2 November 2023

USD/ZAR Price Forecast: Rand Bolstered by Weaker Dollar

Rand prices continued to strengthen after the latest FOMC announcement left the US dollar on the backfoot. USD/ZAR now tests key support around R18.50/$.

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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...