Back to news
24 Jul 2026 · 16:36 GMT+3
22

South African Rand: Weakness resumes after SARB surprise – Societe Generale

Societe Generale analysts report USD/ZAR has broken above a multi-month descending trend line and reclaimed its 200-day moving average, suggesting renewed upside momentum. The South African Reserve Bank surprised markets by holding rates at 7.0%.

Trading involves risk. The information above is for reference only and does not constitute investment advice.