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Rand hits strongest level in a month as emerging markets climb off the back of a softer US Dollar



The Rand firmed 1%, or more than 15c, against the Dollar on Monday. This was its best level in a month at 13.30 to the Dollar, as renewed risk-on sentiment hits markets on subdued US data. The somewhat surprising move by the local currency will be cheered by local consumers but will likely be greeted with dismay by local miners and owners of Rand hedge stocks.

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Published By: Thesouthafrican - Tuesday, 10 July