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New All-Time Lows For Rand, Potential S&P Rating Review Awaited

ZAR

USD/ZAR knee-jerked to a fresh record high of ZAR19.5247 before easing off there to last trade at ZAR19.4910. The rand is facing a familiar combination of headwinds, with a potential S&P credit-rating review (after hours) and SARB monetary policy decision (next Thursday) providing key risk events to watch.

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