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 - Wall Street Close to Records Ahead of Long Weekend
Is Waller echoing Warsh's stance? Keeping rates steady but pressing ahead with balance sheet reduction?
📆Three Markets to Watch Next Week (22.05.2026)
Will Belarus join the war?