12:18 PM · 26 February 2020

BREAKING: USDZAR reverses daily gain on South Africa budget plans

South Africa released a budget plan. The plan sees debt-to-GDP ratio rising reaching 78% in 2027-2028 and economic growth accelerating beyond 2021. The country also plans to achieve cost savings of 160 billion ZAR by cutting state wages over the next 3 years. USDZAR reversed 0.8% daily gain to trade almost 1% lower at one point.

USDZAR plummeted on South Africa’s budget plan announcement (yellow circle). The pair broke below short-term upward trendline but managed to climb back above it. Source: xStation5

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Chart of the day: AUDUSD (29.10.2025)

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BREAKING: USDSEK dip 0.15% on above-estimates GDP data in Sweden 🇸🇪

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Morning wrap (29.10.2025)

27 October 2025, 6:44 PM

Daily summary: Equities rally as markets await Trump-Xi talks; precious metals decline on risk-on (27.10.2025)

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