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Some Good news for Importers as South African Rand Recovery

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The Rand is on the upside as evident in two charts.

  • Currency rallies as volatility fades and bond outflows ease

  • Fed’s cautious approach to tightening bolsters risk appetite

After a rough start to the second half, South Africa’s currency and bonds are primed for a rebound as debt concerns ease and the Federal Reserve signaled a measured approach to tapering.

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