USDZAR: Here’s Why South African Rand is Suddenly Targeting 17.00

The USDZAR pair is up by more than 1.3% as traders reacted to the Fed interest rate decision and the South African factory-gate inflation data. The pair is trading at 16.7665, which is slightly below the intraday high of 16.8510, which was its highest level since July 14. The US…

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