ZAR Price Outlook: USD/ZAR Slides lower, PMI data and USD Sentiment Shift
August 04, 2021 at 06:25 AM EDT
Yesterday, the ZAR started the week, and the month, on the front foot as it strengthened against the US dollar. The corresponding drop in USD/ZAR appears after a period of rand depreciation against the greenback ever since the June low around R13.41.