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$ZARUSD -0.9% today — what's driving it?
$ZARUSD is moving hard: -0.88% on the day, now at 0.06052.
Day range: 0.06052 – 0.06084.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 4 points
2 Comments
MNu/marek_n·1mo
It looks like the momentum is picking up on the downside. Are we seeing a shift in global risk sentiment impacting EM currencies broadly, or is there a specific catalyst for the ZAR today?
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Looks like some significant movement today. I'm curious if anyone has a clear idea of the underlying catalysts here. Is it just broad market sentiment, or something more specific to ZAR?