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USD/ZAR Forecast: Friday’s Omicron Overshoot Sees Rand Open Higher

RAND ANALYSIS: Rand market frenzy fades as market mulls over new variant. Commodities revised lower as uncertainty emerges. Bearish harami suggests short-term USD/ZAR downside correction.   ZAR FUNDAMENTAL BACKDROP RAND IS NOW ONE OF THE WORST PERFORMING CURRENCIES AGAINST THE GREENBACK The South African rand may have been the worst affected Emerging Market (EM) currency as a result of the new COVID-19 strain known as Omicron. Inaccurate news


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