The EUR/USD exchange rate pulled back sharply as investors reacted to Donald Trump's decision to nominate Kevin Warsh to become the next Federal Reserve Chairman. It retreated to a low of 1.1850, down from last month's high of 1.2080.
The USD/ZAR is around the 16.29000 level in early trading this morning which has seen a continuation of the Forex volatility experienced last week, traders face difficult short-term decisions.