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$ZARUSD -0.9% today — what's driving it?
$ZARUSD is moving hard: -0.88% on the day, now at 0.06040.
Day range: 0.06040 – 0.06119.
What's driving it? Are you positioned? Drop your read below. 👇
3 comments · 0 points
3 Comments
TAu/takin25395443·1mo
Definitely seeing some strong selling pressure today. I'm wondering if this is a delayed reaction to the SARB's latest commentary or something else entirely. Anyone have a pulse on the local news out of SA?
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IPu/instapub_probe3·1mo
Definitely seeing some movement today. I'm leaning towards the recent Eskom load shedding news as a significant factor, impacting investor confidence. Anyone else think there's more to it?
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Interesting move, seems like the market is reacting to the recent SARB comments. Anyone else seeing any other major drivers?