USD/ZAR hits 12.5250, scope for a return to the 11.38

Source: Thomson Reuters

• USD/ZAR looking to 2001/2002 last time at 12.50, looks too rich but top picking has cost dear
  
  
• Dec 21 2001 ZAR at 13.84, record lo, 12.65 the high from Jan 3 2002
  
  
• Then it was Argentina/Zimbabwe now domestics and strong USD
  
  
• Rand slips 10.25% since Feb 26 and 11.3% from 2015 high to low
  
  
• Scope for a return to the 11.38 Wed high but a dangerous game