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Extending gains in EMFX

RAND

ZAR is now up 1.05% against the Dollar and the best performing currency in EM.

  • S&P fades some of this morning selling, with better buying post the better than expected set of US data.
  • USDZAR still eye a test at this week's double bottom at 16.5515, and best August level, now at 16.56

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