USD/ZAR Rallies Hard Last Week When South African President Fires The Finance Miniter

USD/ZAR is an exotic pair. ZAR is the South African Rand.

Last week South African President fired the Finance Minister.

South African Rand plummeted around 5% in one day.

This was a big shock to the investors.

Read this post in which I analyze why USD/ZAR rallied hard on when the Finance Minister got fired.

There are many traders who trade these exotic pairs.

Unlike the major pairs. exotic pairs have their own dynamics.

Before you trade these exotic pairs like USD/ZAR, make sure you study the dynamics that drives this pair.