USDZAR is one of the biggest movers this Tuesday supported both by surging oil prices and USD demand. A spike in short term US dollar market interest rates does not serve emerging markets while South Africa relies on oil imports – that’s the reason USDZAR is moving up by over 1%. Moreover, USD has been supported by strong report on industrial output (+0.6% m/m). The pair has rebounded from support of 14.55 and faces resistance around 15.10.
Daily Summary - Previous metals rebound, FOMC still see cuts
Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline
BREAKING: US Chicago PMI beats expectations 🗽USDIDX reacts
Morning wrap (30.12.2025)