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Market Update: South African Rand at 2-Month Low
The South African rand traded lower around 14.5 against the greenback on Friday, its lowest level since early May, pressured by concerns over the spread of the delta variant and as a looming US jobs report later in the day keep investors on the edge. In South Africa, health officials are grappling with how to prevent potential COVID-19 outbreaks from the delta variant that is spreading rapidly across provinces mainly due to a slow vaccination rate. [/s2If]
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