9:41 AM · 3 December 2019

BREAKING: USDZAR surges after dismal GDP report

USDZAR leaps 0.75% today after the data from South Africa disappointed greatly. Q3 GDP contracted by 0.6% quarterly which means than annual growth slowed to just 0.1% from 0.9% in the second quarter. South Africa has been mired in low growth since 2015 and the data expose the economy to risk of recession again. USDZAR is rebounding from 14.50 support without a tangible resistance up to 15.00.

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