South Africa's Zuma to step down if asked by ANC; USD/ZAR down -2.31% on the day

Felipe Erazo FXStreet

South Africa's President Jacob Zuma stated that he's willing to step down if asked by ANC. At the time of writing, USD/ZAR remains under heavy selling pressure around 13.4731, down -2.31% on the day, having posted a daily high at 13.8325 and low at 13.4648; a decline fueled by recent U.S. President Trump's comments on USD, as he said that the greenback is getting "too strong".

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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