The South African rand weakened against the U.S. dollar after reaching a 13-month high of 7.3625 at 2:15 am ET Thursday. At present, the dollar-rand pair is worth 7.5560, compared to 7.5392 hit late New York Wednesday. On the downside, 7.584 is seen as the next target level for the South African currency.

South Africa's manufacturing production report for July has been slated for release at 7:00 am ET today.

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