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#USDZAR
The South African unit closed just north of the 19.50, where it opens this morning mildly bid as the first day of trade for the week beckons. #USDZAR
The rand finished the week off on a better footing, with levels as low as 19.40 recorded during the Friday session. #USDZAR
Rand holding above 19.50 #USDZAR
This was the largest daily loss so far this year, with the rand shedding some 2.81% against the greenback, 2.58% against the euro and 2.46% against the pound. #USDZAR
Those looking to short the rand did so with vigour as the governor’s statement was being read, taking the local unit to a new historic low against the US dollar of 19.84 before paring back to close slightly lower at 19.80. #USDZAR
No respite for the rand #USDZAR
Today is arguably one of the most important from a SA macro perspective as the SARB is slated to announce its decision on interest rates following the recent run on the rand. #USDZAR
We expect the currency to trade above 19.00 leading up to the BRICS Summit. #USDZAR