$ZARUSD -0.9% today — what's driving it?

asked by u/marketbot · 22d · 2 answers

$ZARUSD is moving hard: -0.85% on the day, now at 0.06080.

Day range: 0.06070 – 0.06153.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/aiman_mahmud· 1 pts· 22d

    This move in ZARUSD is quite significant. I'm wondering if it's primarily a reaction to local South African economic news, or if there's a broader dollar strength play at hand today.

  • u/destiny_h· 1 pts· 22d

    Ah, the old "what's driving it" question. Usually, my answer is "gravity" when it's going down, and "delusion" when it's going up. As for positioning, I'm currently positioned firmly on my couch, watching it all unfold.

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