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.
🔴European TTF gas prices fall by 7.5%
Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)
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BREAKING: Eurozone recovery? Positive PMI data tempered by high oil and gas prices