USD/ZAR Outlook: Investigating the Potential for Further Declines in the Rand
The USD/ZAR exchange rate has seen a continuous rise over four days, drawing attention from investors who react to the rising tensions between the United States and South Africa. On Monday, it reached a high of 19.05, reflecting an increase of 11.5% from the lowest level recorded last October. This movement suggests a complex interplay of economic factors influencing the South African Rand.