Against its South African counterpart, the dollar traded lower during New York deals on Tuesday. At about 11:40 am ET, the pair touched 7.2964, which may be compared to yesterday's closing value of 7.4055. This set a 6-week low for the US currency. The dollar has been in a downward channel against the rand for the past 4 days.

US Dollar vs ZAR (FX:USDZAR)
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