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Sterling collapse, US data put rand under pressure

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Cape Town - The rand is under pressure, following a global struggle against a strengthening dollar. The unit traded around R13.90 against the greenback on Friday morning.

Comments by the Federal Reserve and positive data are increasing the chances of a US interest rate hike to 64%, which puts downward pressure on the South African currency. 

At the close of local trade on Thursday, the rand traded 1.2% lower against the dollar. 

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ZAR/USD
15.20
(-0.65)
ZAR/GBP
20.31
(-0.41)
ZAR/EUR
18.12
(-0.61)
ZAR/AUD
11.20
(-0.63)
ZAR/JPY
0.15
(-0.80)
Gold
1809.91
(+0.10)
Silver
23.31
(-0.14)
Platinum
963.00
(+0.40)
Brent Crude
48.73
(+1.57)
Palladium
2368.99
(+2.49)
All Share
57923.69
(+0.31)
Top 40
53084.13
(+0.27)
Financial 15
11645.28
(+0.04)
Industrial 25
79993.34
(+0.20)
Resource 10
52790.93
(+0.35)
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