USD/ZAR: Here’s why the South African rand is falling

The USD/ZAR exchange rate rebounded this week as the US dollar index (DXY) bounced back and the countdown for the South African election continued. The pair initially slumped to a multi-week low of 18.40 and then spiked to 19. The US dollar index is soaring South Africa published encouraging economic numbers this week. On Monday, […]