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USD/ZAR hits 12.5250, scope for a return to the 11.38

Source: Thomson Reuters USD/ZAR looking to 2001/2002 last time at 12.50, looks too rich but top picking has cost dear Dec 21 2001 ZAR at 13.84, record lo, 12.65 the high from Jan 3 2002 Then it was Argentina/Zimbabwe now…

By Jay L. Zagorsky
1 min read
USD/ZAR hits 12.5250, scope for a return to the 11.38
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Source: Thomson Reuters


  • USD/ZAR looking to 2001/2002 last time at 12.50, looks too rich but top picking has cost dear

  • Dec 21 2001 ZAR at 13.84, record lo, 12.65 the high from Jan 3 2002

  • Then it was Argentina/Zimbabwe now domestics and strong USD

  • Rand slips 10.25% since Feb 26 and 11.3% from 2015 high to low

  • Scope for a return to the 11.38 Wed high but a dangerous game

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