Lower Inflation Target Set to Reshape South African Rand’s Long-Term Path

South Africa’s new lower inflation target is giving the rand fresh momentum, with policymakers and analysts agreeing it could ...

rand dollar

As the rand hovers around R18 to the dollar, experts predict a potential drop to R17. 75, driven by upcoming National Budget announcements. After starting the day at R18. 01 to the dollar, the South ...

Understanding Cross Rates: Definitions and Major Currency Pair Examples

Learn about cross rates and their impact on forex trading, including major currency pair examples like EUR/JPY and EUR/GBP, ...
Reuters

South African rand rallies against weaker dollar, rate decisions in focus

JOHANNESBURG, Jan 24 (Reuters) - South Africa's rand strengthened against a weaker dollar on Friday after U.S. President Donald Trump demanded lower interest rates from the Federal Reserve, with eyes ...