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The ZAR has gained sharply in recent trade,....>

RAND
RAND: The ZAR has gained sharply in recent trade, with USD/ZAR accelerating the
move below ZAR12.00 for the first time since early 2015 as CPI figures came in
slightly ahead of expectations (Core CPI M/M hit 0.3% vs. Exp. 0.2%). Adding to
the strength are comments from SARB's governor, highlighting that the central
bank's independence is to be protected and endorsing ZAR's strength as a sign of
strong South African institutions. 

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