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USD/ZAR Analysis Today - 26/11: Nervous Start (Chart)
(MENAFN- Daily Forex) The USD/ZAR surged to a high of around 18.22184 early this morning as USD centric strength shook the global Forex market when reports circulated President-elect Trump is intent on a tariff strategy.
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- Early trading today in the USD/ZAR saw the currency pair nervously climb to a mark around the 18.22184 vicinity.
- A flash of news late last night from the U.S made it clear that President-elect Trump is going to pursue a tough negotiation stance with China and Mexico regarding tariffs.
- And the question speculators of the USD/ZAR should be asking is what this has to do with South Africa? On the surface it doesn't have much to do with South Africa or the Rand.
- However, speculators who have a taste for adventure may be willing to speculate on slightly lower moves in the USD/ZAR using quick hitting take profit orders that are not overly ambitious.
- The USD/ZAR is likely to remain choppy in the coming hours, but there may be room for a slight downturn to develop.
daily Forex forecast ? Here's some of
the
best trading platforms in South Africa
to check out.

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