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South African Rand Dec '23 (T6Z23)

0.053740s -0.000910 (-1.67%) 12/18/23 [CME]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Mon, Dec 18th, 2023
Day Low
0.053700
Day High
0.054900
Open 0.054825
Previous Close 0.054650 0.054650
Volume 54 54
Open Interest 5,990 5,990
Relative Strength 52.61% 52.61%
Weighted Alpha -3.80 -3.80
5-Day Change +0.001365 (+2.61%) +0.001365 (+2.61%)
52-Week Range 0.049525 - 0.058375 0.049525 - 0.058375
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South African Rand Futures Market News and Commentary

Dollar Tumbles and Gold Jumps as Powell Opens Door to Fed Rate Cuts

The dollar index (DXY00) today is down by -0.57%.  The dollar fell from a 1.5-week high today and turned lower on dovish comments from Fed Chair Powell, who said downside risks to employment are rising and the shifting balance of risks may warrant adjusting monetary policy. Falling T-note yields today are also weighing on the dollar after the 10-year T-note yield fell to a 1-week low of 4.248%.  The dollar initially moved higher today on hawkish comments from Boston Fed President Susan Collins, who said that modestly restrictive Fed policy is appropriate. 

Fed Chair Powell said, "The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance.  Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance."

Boston Fed President Susan Collins said, US economic growth is slowing, but overall economic fundament... Read more

Contract Specifications

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Contract
South African Rand
Contract Size
ZAR 500,000
Tick Size
0.000025 points ($12.50 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 2:00p.m.) CST
Exchange
CME
Point Value
$500,000
Margin/Maintenance
$1,540/1,400
First Notice Date
12/15/23
Expiration Date
12/18/23 (expired)

Seasonal Chart

South African Rand Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Aug 12, 2025

View Chart Details
Commercials - Long / Short
6,543 (+811)
18,539 (-1,809)
Non-Commercials - Long / Short
15,636 (-1,875)
3,826 (+504)
Dealers / Intermediary - Long / Short
2,281 (+6)
11,750 (+221)
Asset / Manager - Long / Short
9,447 (+1,095)
6,794 (-2,059)
Leveraged Funds - Long / Short
10,097 (-2,347)
1,944 (+633)
Other Reportables - Long / Short
354 (+182)
1,877 (-100)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
0.052200 +2.95%
on 12/11/23
Period Open: 0.054325
0.055175 -2.60%
on 12/15/23
-0.000585 (-1.08%)
since 11/17/23
3-Month
0.050625 +6.15%
on 10/06/23
Period Open: 0.052200
0.055350 -2.91%
on 11/16/23
+0.001540 (+2.95%)
since 09/18/23
52-Week
0.049525 +8.51%
on 05/25/23
Period Open: 0.054750
0.058375 -7.94%
on 01/12/23
-0.001010 (-1.84%)
since 12/16/22

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Most Recent Stories

More News
Let's Talk About Interest Rates

US Fed Chairman Powell seemed to change his tone a bit early in his speech from Jackson Hole, Wyoming. Did it change the long-term outlook for US interest rates?

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Dollar Tumbles and Gold Jumps as Powell Opens Door to Fed Rate Cuts

The dollar index (DXY00 ) today is down by -0.57%. The dollar fell from a 1.5-week high today and turned lower on dovish comments from Fed Chair Powell, who said downside risks to employment are rising...

DXY00 : 97.734 (-0.90%)
GCZ25 : 3,414.2 (+0.96%)
SIU25 : 38.970 (+2.34%)
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^EURUSD : 1.17174 (+0.96%)
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Dollar Moves Higher on Hawkish Fed Comments

The dollar index (DXY00 ) on Thursday rose by +0.41% and posted at a 1.5-week high. The dollar garnered support from hawkish Fed comments. Kansas City Fed President Jeffrey Schmid said “modestly restrictive”...

DXY00 : 97.734 (-0.90%)
GCZ25 : 3,414.2 (+0.96%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.734 (-1.10%)
^EURUSD : 1.17174 (+0.96%)
Dollar Climbs as Bond Yields Rise on US Economic Strength

The dollar index (DXY00 ) today is up by +0.27% at a 1-week high. The dollar garnered support today on comments from Kansas City Fed President Jeffrey Schmid, who said "modestly restrictive" monetary...

DXY00 : 97.734 (-0.90%)
GCZ25 : 3,414.2 (+0.96%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.734 (-1.10%)
^EURUSD : 1.17174 (+0.96%)
GBPUSD: Elliott Wave and H&S Pattern Is Pointing Higher

Three waves down and broken channel suggests cable can see more gains ahead.

Dollar Moves Lower with T-Note Yields

The dollar index (DXY00 ) on Wednesday fell by -0.05%. The dollar fell from a 1-week high on Wednesday and turned slightly lower on a decline in T-note yields. Also, political risks and concerns about...

DXY00 : 97.734 (-0.90%)
GCZ25 : 3,414.2 (+0.96%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.734 (-1.10%)
^EURUSD : 1.17174 (+0.96%)
Play Weakness in Australia’s Economy with Today’s Top Commodity Trade

December Australian dollar futures present a selling opportunity on more price weakness.

A6Z25 : 0.65000 (+0.96%)
Dollar Falls as Trump Calls for Fed Governor Cook to Resign

The dollar index (DXY00 ) today is down by -0.12%. The dollar fell from a 1-week high today and turned lower on political risks and concerns about Fed independence after President Trump called for Fed...

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^EURUSD : 1.17174 (+0.96%)
Dollar Recovers as Stocks Falter

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar recovered from early losses on Tuesday and posted modest gains as weakness in stocks boosted liquidity demand for the dollar. The dollar...

DXY00 : 97.734 (-0.90%)
GCZ25 : 3,414.2 (+0.96%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.734 (-1.10%)
^EURUSD : 1.17174 (+0.96%)
Elliott Wave Video: Dollar, Gold, DAX, Bitcoin, ETH

As you know, there’s some optimism in the markets: stocks are performing well and oil is coming down on positive hopes to end a war between Russia and Ukraine, while the US dollar has edged slightly...

Dollar Supported by Higher T-Note Yields

The dollar index (DXY00 ) on Monday rose by +0.30%. The dollar moved higher Monday on carryover support on concern that last week's CPI and PPI reports showed an acceleration of prices that could keep...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
Dollar Gains as Fed Rate Cut Chances Slip

The dollar index (DXY00 ) today is up by +0.15%. The dollar has carryover support on concern that last week's CPI and PPI reports showed an acceleration of prices that could keep the Fed from cutting...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
Dollar Falls on Weaker US Consumer Sentiment

The dollar index (DXY00 ) on Friday fell by -0.41%, undercut by Friday's weaker-than-expected US consumer sentiment report. The dollar also suffered from underlying foreign investor concern about the...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
Dollar Undercut by Decline in US Consumer Sentiment

The dollar index (DXY00 ) today is down -0.53%, undercut by today's weaker-than-expected US consumer sentiment report and today's -0.7 bp decline in the 2-year T-note yield. The dollar is also suffering...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
Bearish on Canada? The Trend is Your Friend.

December Canada dollar futures present a selling opportunity on more price weakness.

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Dollar Sees Support from Strong US PPI Report

The dollar index (DXY00 ) on Thursday rose +0.42% as the strong US PPI report sparked a pull-back in expectations for Fed rate cuts in the coming months. In addition, San Francisco Fed President Mary...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
MoneyMasters Podcast 8/14/25: The Downfall of the US Dollar | Peter Schiff's Prediction

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Dollar Sees Support from Strong US PPI Report

The dollar index (DXY00 ) is up +0.26% as the strong US PPI report sparked a pull-back in expectations for Fed rate cuts in the coming months. In addition, San Francisco Fed President Mary Daly and St...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)
Dollar Continues Lower on US Rate-Cut Expectations

The dollar index (DXY00 ) on Wednesday fell by -0.26%, adding to Tuesday's loss of -0.43%. The dollar index continued lower on increased expectations for Fed rate cuts through year-end. The dollar was...

DXY00 : 97.736 (-0.90%)
GCZ25 : 3,414.3 (+0.97%)
SIU25 : 38.970 (+2.34%)
^USDJPY : 146.709 (-1.12%)
^EURUSD : 1.17170 (+0.96%)

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 72% Buy with a Weakening short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

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Key Turning Points

3rd Resistance Point 0.055727
2nd Resistance Point 0.055313
1st Resistance Point 0.054527
Last Price 0.053740s
1st Support Level 0.053327
2nd Support Level 0.052913
3rd Support Level 0.052127

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52-Week High 0.058375
Fibonacci 61.8% 0.054994
Fibonacci 50% 0.053950
Last Price 0.053740s
Fibonacci 38.2% 0.052906
52-Week Low 0.049525

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