The US currency dropped to a new multi-month low of 7.4146 against the South African rand at about 9:10 am ET Wednesday. Thereafter, the greenback-rand pair reversed its direction and hit a high of 7.5778 as of 2:15 pm ET. At yesterday's close, the pair was quoted at 7.5167.

US Dollar vs ZAR (FX:USDZAR)
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US Dollar vs ZAR (FX:USDZAR)
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