During New York afternoon trading on Thursday, the US dollar advanced further against the South African rand. The dollar, which closed yesterday's New York session at 7.3940 against the rand, soared to a 20-day high of 7.4988 by about 3:55 pm ET. The dollar has been in an upward channel against the South African currency for the past 8 days.

US Dollar vs ZAR (FX:USDZAR)
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