South Africa Business Confidence
For the South African market, the BER Business Confidence Index surveys 1,400 business people in the building industry, 1,400 business people in the trade sector, and 1,000 business people in the manufacturing sector. It measures the amount of optimism that senior executives in the companies have in the present and future sales, orders, employment, inventories, and selling prices. The index is measured on a scale from 0 to 100, with 0 representing a great lack of confidence, 50 representing neutrality, and 100 representing extreme confidence.
A higher than expected figure should be seen as positive (bullish) for the ZAR while a lower than expected figure should be seen as negative (bearish) for the ZAR.
Forex Sentiment (ZAR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDZAR |
|
|
14.8272 -19213 pips |
17.6960 -9475 pips |
16.74847 | |
| EURZAR |
|
|
18.0036 -16547 pips |
19.9291 -2708 pips |
19.65826 | |
| ZARJPY |
|
|
0 -924 pips |
8.9339 +31 pips |
9.239 |
News (ZAR)
South Africa Central Bank Cuts Rate By 25 Bps, Signals More Easing
The South African Reserve Bank lowered the key interest rate on Thursday, citing space for less restrictive policy as policymakers assessed that the inflation outlook has improved.
RTTNews | 26 days ago
South Africa Holds Rate Steady At 7% After Easing For A Year
The South African Reserve Bank left its key interest rate unchanged at 7 percent as policymakers decided to adopt a wait-and-watch stance following a year-long easing and they also assessed that inflation is set to rise in the coming months due to higher prices for electricity, food and services, while economic growth is set to strengthen.
RTTNews | 89 days ago
