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USDZAR sees better buying interest

RAND

Small spike in USDZAR, couple of big figures, but desk only note thin domestic liquidity, with the US Bank holiday.

  • Focus there is squarely on positioning ahead of the awaited Mid term budget on the 21st of October, and any potential rumours headlines this week.
  • Initial resistance comes at Friday's high, 16.6080, now at 16.5000

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