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Extends gains versus all majors

RAND

European cash Equity open a touch higher, but better buying interest going through in Futures.

  • USDZAR test 16.40, with small broad base USD selling going through.
  • Big focus on the June low at 16.3385, which is also best level seen since mid March
  • Attention today, on SA Retail Sales at 12.00BST, ahead of SARB decision tomorrow, when a 25bps cut to 3.25% is expected

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