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THE RAND has rallied to a 16-month high after rating agency Moody’s skipped its review of South Africa’s credit rating and the weak jobs report in the US prompted a sell-off of the dollar.

It is unheard of for a market to move on average 23.5c every day, and 113.2c per month since January 2016! The…

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Rand rallies to 16-month high as Moody’s skips SA credit rating review

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