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Rand held at the mercy of international currency movements



The Rand has come off its lows of the past three weeks and is now trading a lot firmer to the GBP and the USD. The ZAR moved from a high of GBP:ZAR 17.15 to a low of 16.56 in this period and was flirting with 12.20 to the USD. These moves are likely more a case of favourable emerging market conditions rather than Rand-specific factors.

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Published By: Thesouthafrican - Tuesday, 15 May