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  • Sunday 5 January 2020

    Rand Expected to Weaken This January

    The South African rand has gained a lot of momentum this December as we have seen the dollar losing strength through out the Christmas Holidays and into new years eve closing the year with the dollar index breaking some of 2019s lows.

    a number of pairs were affected by the move of the dollar with the UsdZar chart getting to reach the 6 month lows at level 13.92 which is a level where we are much likely to see more buying activity in the markets.

    Sifiso Nkwanyana

    Author & Editor

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