The ECB announced it’s going to perform liquidity operations in tandem with the Federal Reserve, the Bank of England, the Japan of Bank and the Swiss National Bank. The effort of the central banks reduced concerns about the Eurozone banking system. Analysts think that the optimism may be short-live, but for now it bolstered riskier assets, including the rand.
USD/ZAR fell from 7.3730 to 7.3710 as of 17:10 GMT. Today’s intraday high was 7.460 and the intraday low was 7.3120.
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