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Rand eyes R13/$ as EM sentiment turns positive

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Cape Town - The rand, together with other emerging market currencies, has been firmly on the front foot, with the local unit strengthening 2% against the greenback.

By 15:52 the local unit was trading 1.7% firmer against the US dollar at R13.09 after touching a high of R13.07 earlier in the session.

"A break here could see the ZAR potentially test R13.00," said TreasuryOne's Wichard Cilliers.

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