{"id":251442,"date":"2024-02-21T16:25:31","date_gmt":"2024-02-21T10:55:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=251442"},"modified":"2024-02-21T16:25:31","modified_gmt":"2024-02-21T10:55:31","slug":"rand-could-be-running-into-a-lot-of-trouble-over-the-next-month-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/rand-could-be-running-into-a-lot-of-trouble-over-the-next-month-ing-crypto-news\/","title":{"rendered":"Rand could be running into a lot of trouble over the next month \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>For a highly volatile FX pair, USD\/ZAR has been exceptionally quiet. Economists at ING analyze the pair\u2019s outlook ahead of the South African annual budget.<\/p>\n<h2 class=\"fxs_headline_medium\">Rand in focus on pre-election budget<\/h2>\n<blockquote>\n<p>The challenge for South Africa&#8217;s Finance Minister Enoch Godongwana will be seeking out pre-election giveaways while continuing to show that South Africa&#8217;s debt-to-GDP trajectory will be stabilising at around 78% in 2025\/26. That will be a challenging task given weak growth. And perhaps the biggest focus for FX markets will be whether the government decides to tap into the South African Reserve Bank&#8217;s contingency fund for government spending plans. That would be a very bad look and probably trigger a strong upside break-out in USD\/ZAR.<\/p>\n<\/blockquote>\n<blockquote>\n<p>A USD\/ZAR close above its 20-day Bollinger Band at 19.14 today (Bollinger bands are used as a tool in technical analysis to pinpoint breakouts from low volatility regimes) suggests the Rand could be running into a lot of trouble over the next month.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: For a highly volatile FX pair, USD\/ZAR has been exceptionally quiet. Economists at ING analyze the pair\u2019s outlook ahead of the South African annual budget. Rand in focus on pre-election budget The challenge for South Africa&#8217;s Finance Minister Enoch Godongwana will be seeking out pre-election giveaways while continuing to show that South Africa&#8217;s debt-to-GDP [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":84143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,11470,5241,256,254],"class_list":["post-251442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-southafrica","tag-usdzar","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=251442"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251442\/revisions"}],"predecessor-version":[{"id":251443,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/251442\/revisions\/251443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/84143"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=251442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=251442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=251442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}