US Dollar/South African Rand (USD/ZAR) Exchange Rate

South Africa is considering implementing snap lockdowns for areas where the second wave of COVID-19 infections threatens to collapse the healthcare system.

Business optimism across South Africa expands as the COVID-19 pandemic continues to pose a significant threat globally.

November produced a strong amount of bearish momentum in the USD/ZAR and may raise suspicious eyebrows from speculators.

More COVID-19 infections are on the rise in South Africa, as are inflationary pressures.

The USD/ZAR has enjoyed a solid bearish trend and, in early trading today, the Forex pair is hovering near an important support level.

Amid the ongoing COVID-19 pandemic that forced the global economy into a recession, depressed the labor market and spiked total debt levels past sustainability, rating agencies slowly react.

The USD/ZAR may scare short-term speculators.

South African President Cyril Ramaphosa tried to drum up support for foreign direct investment during the third South Africa Investment Conference (SAIC).

The USD/ZAR continues to trade within its lower price values which it accomplished this November, but yesterday saw a reversal higher after a test of support failed to puncture values below.

With the second wave of the COVID-19 pandemic accelerating globally, President Cyril Ramaphosa calls on BRICS (Brazil, Russia, India, China, and South Africa) to strengthen trade and investment.

The past few days within the USD/ZAR have produced a choppy, yet consolidated range for the USD/ZAR.

Before the COVID-19 pandemic forced the global economy into a recession, the labor market in South Africa was depressed.

New COVID-19 infections across South Africa started to increase, while Europe and the US experience the more violent second wave of the pandemic.

Speculators face a tough decision regarding the USD/ZAR in the short term.

While South Africa has not witnessed the second COVID-19 wave of infections, the lack of adequate testing could be partially responsible for the lack of official detection.

The South African rand has shown it has the ability to sustain its lower forex values against the USD short term.

Due to the surge in Covid-19 infection across Europe, South Africa continues to decline in the global ranking of most-infected countries, presently at number thirteen,

The sustained range of the USD/ZAR delivered a near perfect technical scenario yesterday.

With South Africa trying to tackle its massive army of unemployed, President Cyril Ramaphosa readies his South African Economic Reconstruction and Recovery Plan.

The USD/ZAR continues to battle extremely important support ratios as the key inflection point of 16.10000 lurks nearby.