14:59 · 23 July 2020

South African Interest Rate Cut Strengthens Rand!

USD/ZAR
Forex
-
-
As expected, SARB, the central bank of South Africa, decided to cut interest rates. The main rate is now 3.5%, up from 3.75% previously. The reduction in interest rates may theoretically benefit the economy, which is positively received by investors. So Rand is making up for today's losses. Anyway, USDZAR is still in a clear downtrend.
ZAR strengthens after the decision to cut interest rates. Source: xStation5
3 October 2025, 18:47

Daily Summary: US2000 leads on Wall Street📈Crypto and metals up, US dollar down

3 October 2025, 16:20

3 markets to watch next week (03.10.2025)

3 October 2025, 10:14

Chart of the day: EURUSD (03.10.2025)

3 October 2025, 09:02

BREAKING: Eurozone PMI slightly lower than expected 📌

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world