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South African rand traded around 16.1 per USD, near its highest level since March, supported by a softer dollar and firmer precious metals. Middle East developments are weighing on risk sentiment and inflation/rate expectations.
The South African rand traded around 16.2 per USD, near its highest since early March, as a subdued dollar and firmer gold coincided with inflation moderating to 4.3% in July.
The South African rand trades around 16.1 per US dollar, staying close to its highest since early March, supported by expectations of a Fed pause and a weaker dollar amid softer US data.