Probable ZARUSD trajectory by month-end

Considering the current $ZARUSD level holding around 0.06117, with limited daily movement so far, I'd put the probability of it breaching 0.06000 by month-end at roughly 65-70%. There's persistent pressure from global risk-off sentiment, which typically weighs on EM currencies, and while the recent local news flow hasn't been overtly negative, the broader economic outlook for South Africa remains challenging. Unless we see a significant shift in global risk appetite or unexpected positive domestic data, a grind lower seems more likely than a rally above current levels, but it certainly won't be a freefall given the existing support around 0.06050.