The South African Rand reached a one-year high during yesterday's trading session, causing USD/ZAR to fall below the 17.7 level. Commerzbank’s FX Analyst Volkmar Baur commented on the movement, noting
South Africa's inflation rate took a positive turn in July, with prices rising less than expected. The month-on-month inflation rate increased by only 0.4%, leading to a year-on-year rate of