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Rand Cements Its Position As Worst EMEA Performer Today

ZAR

USD/ZAR has punched through its earlier session highs in tandem with a recovery in the BBDXY, which has now virtually erased its post-ECB losses. Weak non-farm payrolls data and the Eskom saga render the Rand vulnerable to the broader risk-off impetus, with participants preparing for the ANC elective conference this week.

  • Spot USD/ZAR trades at ZAR17.4150, up 2,470 pips on the session. EUR/ZAR operates +2,339 pips at ZAR18.5824.

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