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South Africa Interest Rate

In Trade Plans by CathyLeave a Comment

Higher interest rates are great for the value of the currency. Therefore, higher interest rates will create a BUY on ZAR Pairs and vice versa. We see deviations often. We have seen four deviations since November 2018, which is excellent from a bi-monthly report.

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Turkish Rate Decision

In Trade Plans by CathyLeave a Comment

The Central Bank of the Republic of Turkey’s (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish.