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BusinessSouth Africa's rand strengthening against US dollar

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South Africa’s rand strengthening against US dollar

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The rand gained momentum on Tuesday as a result of increased local industrial output and a weaker dollar brought on by predictions that rate hikes in the U.S. will come to a halt.

At 14:43 GMT, the rand was trading at 18.53 against the dollar, up 1.3% from the previous close.

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