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USD/ZAR Struggles To Consolidate Above 19.00, Mining/M'fing Data On Tap

SOUTH AFRICA
  • USD/ZAR advanced to fresh one-month highs yesterday, with holiday-thinned liquidity likely facilitating the move. However, the rate struggled to find a foothold above the 19.00 figure and closed below that level.
  • The violent and disruptive taxi strike in Cape town has been extended by two days even as the South African National Taxi Council (SANTACO) set an end date for August 9. News24 circulated an opinion piece noting that the strike might be the biggest test yet for Cape Town Mayor Geordin Hill-Lewis.
  • South Africa's mining data will hit the wires at 10:30BST/11:30SAST, with manufacturing production coming up at 12:00BST/13:00SAST.

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