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USDZAR is through June low and lowest since March

RAND

Further breakout lower in USDZAR down 0.87%, and getting some traction following the push through the June low at 16.8385 and best level since March mentioned this morning.

  • Local desk note FM sellers, with small standing bid from RM, all in small though.
  • Low turnovers helps exacerbate the move. Next stop, sees SA retail Sales in just over 1hr at 12.00BST
  • Support is seen at 16.2698

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