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Breaking News: GBP/ZAR goes to a 6 year high!

Breaking News:  GBP/ZAR Update

GBP/ZAR AT 6 YEAR HIGH!

The ZAR on Monday weakened as China cut interest rates again – the 3rd time in six months, adding pressure to emerging markets. The pressure on the Rand continued through Tuesday as the GBP strengthened, sending the ZAR north of a range it held for 15 months to a new 6.5 year low of 19.03. It is not unlikely that GBPZAR could hit the 20’s as it breaks through resistance levels.

ZAR FOREX RATES
12:20pm (SA Time)

USDZAR  =  
12:12
GBPZAR  =  
19.00
EURZAR  =  
13.65
AUDZAR  =  
9.67
NZDZAR  =  
8.95
CADZAR  =  
10.06



S. America Forex Market Report - 17 April 2015
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