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USDZAR fades some of the overnight gains on....>

RAND
RAND: USDZAR fades some of the overnight gains on the Europe opening bell. 
-Some buying interest has been going through into Equity futures, pushing the
USD lower. 
*Focus for SA turns to their rate decision, where a 25bps cut to 3.5% is
expected. 
-Presser starts at 14.00BST. 
-USDZAR eye a test back below 16.40, with yesterday low situated at 16.3438.

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