USD/ZAR exchange rate reached a two-week low ahead of key interest rate announcements.
The USD/ZAR exchange rate hit a two-week low amid anticipation for key interest rate announcements from the U.S. Federal Reserve and South Africa's inflation report. The pair was trading at 17.625, with potential support at 17.598. As traders expect a possible rate cut, speculation about its size remains. The market is likely to experience volatility until the Fed's decision on Wednesday, prompting cautious trading strategies.
September 16, 2024
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