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USDZAR extends gains to 1%

RAND
Rand extends losses across the board and down 1.11% versus the SEK.
  • Local desk note some reduction of ZAR long, after the pullback higher in USD.
  • USDZAR is up 0.92% on the day, and 5.56% since the July low at 16.3438.
  • Focus turns to the PMI, due at 10.00BST.
  • Next resistance comes at 17.3010.

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