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🔴 $ZARUSD -0.9% — live discussion
$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. 👇
2 comments · 1 points
$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. 👇
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.
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.