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Greetings, fellow traders!
I'm opening this thread to spark a debate around the future trajectory of the USD/ZAR forex pair. This is a hot topic among traders, especially considering the upcoming economic policies which are expected to significantly impact the forex market.
Here's my take: Given that both the US and South Africa are gearing up for major policy changes, we can expect some degree of volatility in the USD/ZAR pair. However, the direction of this movement depends on several factors.
On one hand, if the US continues to strengthen its monetary policy, it could potentially strengthen the USD, causing the USD/ZAR pair to rise. Conversely, if South Africa's economic recovery progresses faster than expected, it may boost the Rand, causing the pair to decline.
But that's just my perspective. I'm keen to hear your thoughts and forecasts.
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Looking forward to a riveting discussion!
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