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Rand extends gains on risk aversion, with......>

RAND
RAND: Rand extends gains on risk aversion, with USDZAR testing low of the day. 
-immediate support moves to 16.43 and 16.37 below (prices are BGN).
**Focus here will be on the SARB due on Thursday, with plenty of desk shifting
their calls, following the bazooka move from the Fed on Sunday.
SARB rate survey is going for a 25bps cut to 6%, but we are seeing a rise in
views for a 50bps cut at the meeting.

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