South African Factory Sentiment Hits Two-Year High in April

News Image
Read full story

Published: 2 hours ago

South African manufacturer sentiment gauge reached its highest level in two years during April, boosted by increased business activity and new sales orders. The uptick may reflect companies front-loading orders ahead of expected price increases due to Iran war tensions. The positive manufacturing data could strengthen ZAR sentiment in the near term. USD/ZAR traders should monitor for potential rand appreciation, while EUR/ZAR may also see movement as improved economic indicators support the currency.

Nothing to see yet 😢