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USD/ZAR Analysis Today - 09/09: USD/ZAR Volatile (Chart)
(MENAFN- Daily Forex) The USD/ZAR went into the weekend with a slight reversal higher, this after displaying the low for the week only a few hours before as financial institutions tested their sentiment.
- The USD/ZAR currency pair is trading near the 17.92900 level as of this writing which is approaching values seen last Wednesday.
- The past week of trading in the USD/ZAR has produced cautious choppy trading as financial institutions have had their outlooks tested by conflicting sentiment surrounding Federal Reserve interest rates policy.
- The USD/ZAR remains within a healthy correlation to the broad Forex market and its move higher has taken place under the shadow of a heavily USD centric mindset.
- While all investors know a 0.25% rate cut at a minimum will be seen from the Fed, many investors are hoping for a bigger cut of 0.50%.
- The unknown regarding what the Fed will do is causing nervousness, and many financial investors believe the Fed may remain too cautious.
- The U.S inflation numbers this Wednesday will be interesting to watch and cause instant volatility for the USD/ZAR, until then choppy results in the currency pair should be expected.

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