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South African Rand: ZAR outperforms on carry and Gold – Societe Generale

Societe Generale strategists highlight that the South African Rand (ZAR) continues to outperform in CEEMEA, gaining about 2.4% versus the US Dollar (USD) in spot terms this month. USD/ZAR is close to breaking below 16.00 for the first time since February.

South African Rand: ZAR outperforms on carry and Gold – Societe Generale

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