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ZAR: USDZAR Remains Comfortably Within Session Range Following SARB

ZAR

Limited reaction in USDZAR to the rate decision given that the rate cut was widely expected. The vote split is potentially hawkish at the margins given the presence of two dissenters for a hold, but offset by the lower inflation/higher GDP forecasts for 2025. The pair remains within the session's prior ranges, up 0.7% on the week overall.

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Limited reaction in USDZAR to the rate decision given that the rate cut was widely expected. The vote split is potentially hawkish at the margins given the presence of two dissenters for a hold, but offset by the lower inflation/higher GDP forecasts for 2025. The pair remains within the session's prior ranges, up 0.7% on the week overall.