31 Mar 2017
ZAR plummets on South Africa cabinet reshuffle's headlines
According to ENCA TV, South Africa's President Zuma has removed Pravin Gordhan as Finance Minister in a cabinet reshuffle. At the time of writing, ZAR is under pressure across the board, with the USD/ZAR pair skyrocketing above 13.30, trading at 13.36, up 0.65% on the day. By the other hand, ZAR/JPY is currently trading at 8.345, down -0.61% on the day.