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USD/ZAR forecast: South African rand surges as a carry trade emerges
The South African rand continued its strong momentum today, reaching its lowest level since April 22nd as a carry trade opportunity emerged. The USD/ZAR pair dropped to 16.4, down sharply from the year-to-date high of 16.90.
Date:
06.05.2026 |
Source:
invezz.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.178940 | +0.82442% |
| GBPUSD | 1.363650 | +0.73056% |
| USDJPY | 155.799000 | -1.31184% |
| XAUUSD | 4713.805000 | +3.42883% |
| USDCAD | 1.359250 | -0.19312% |
| NZDUSD | 0.598190 | +1.6923% |
| USDCHF | 0.777720 | -0.65022% |
| AUDUSD | 0.726450 | +1.14364% |
| EURGBP | 0.864480 | +0.15989% |
| EURJPY | 183.671000 | -0.48654% |
| GBPJPY | 212.468000 | -0.6639% |
| AUDJPY | 113.182000 | -0.13147% |
| CADJPY | 114.617000 | -1.10614% |
| CHFJPY | 200.306000 | -0.64137% |
| NZDJPY | 93.199000 | +0.42238% |
| GBPCHF | 1.060590 | +0.023577% |
| EURCHF | 0.916880 | +0.11793% |
| USDMXN | 17.203750 | -0.96281% |
| USDZAR | 16.291000 | -2.21371% |
| USDTRY | 45.218500 | -0.004423% |
| USDRUB | 74.590000 | -1.19941% |
| USDSEK | 9.176350 | -0.68262% |
| USDCNY | 6.811500 | -0.26356% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 06.05.2026 | ||||
| 14:00 | 🇨🇦 | Ivey PMI (Apr) | 49.9 | 49.7 |
| 07.05.2026 | ||||
| 01:30 | 🇦🇺 | Balance of Trade (Mar) | 4.25 | 5.686 |
| 08.05.2026 | ||||
| 06:00 | 🇩🇪 | Balance of Trade (Mar) | 18.9 | 19.8 |
| 12:30 | 🇺🇸 | Non Farm Payrolls (Apr) | 60 | 178 |
| 12:30 | 🇨🇦 | Unemployment Rate (Apr) | 6.7 | 6.7 |
| 14:00 | 🇺🇸 | Michigan Consumer Sentiment (May) | 49.5 | 49.8 |
| 09.05.2026 | ||||
| 03:00 | Balance of Trade (Apr) | 82.4 | 51.13 | |
| 03:00 | Exports YoY (Apr) | 2.5 | ||
| 03:00 | Imports YoY (Apr) | 27.8 | ||
| 11.05.2026 | ||||
| 01:30 | Inflation Rate YoY (Apr) | 1 | ||