US Interest rates, Recession to fuel USDZAR
On average the $USDZAR is not having a great time. There's so much emotional and negative news in South Africa, Gold is no more such a great haven and USD looking real strong.
Defaults of Argentina/Turkey and possibly US interest rates can only let the Dollar strengthen more against all emerging currencies.
$EURUSD is about to break previous low too.
I see the Currency slip to around 16.28 with ease before it will retract.
Let's see
Defaults of Argentina/Turkey and possibly US interest rates can only let the Dollar strengthen more against all emerging currencies.
$EURUSD is about to break previous low too.
I see the Currency slip to around 16.28 with ease before it will retract.
Let's see