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USD/ZAR makes a big break higher, rallying.....>

RAND
RAND: USD/ZAR makes a big break higher, rallying firmly north of 15.00 to
multi-month highs. Moves come as greenback continues to gain ground across the
board, with bulls now eyeing resistance at the early June highs of 15.1726 and
the 3% Upper Bollinger band at 15.4380. Of note, TRY bulls may also have bought
into the new buy recommendation from SocGen (out late yesterday), who see
TRY/ZAR benefiting from the global hunt for yield. The cross has already rallied
around 12% since end-July.

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