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USDZAR extends gains, with few macro...........>

RAND
RAND: USDZAR extends gains, with few macro supportive of the currency at play.
Lower Risk from spill overs from Brexit, Major Economies easing, and central
bank Governor Lesetja Kganyago is comfortable" with its forecast that the
economy will grow 0.6% this year. Economic growth in the second quarter means
Africa's most-industrialised economy is on track to also expand this year.
USDZAR gained downside momentum yesterday through initial projection noted
yesterday at 14.82. We are now well cleared of that level, with next potential
extension now seen at 14.6362 (Prices are according to BGNE)

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