After hitting a 12-day high of 7.8562 in early European session, the US dollar ticked down against its South African counterpart during New York trading on Monday. The pair that closed last week's New York session at 7.7923, dropped to 7.7450 in New York morning deals. As of now, the dollar is trading at 7.8038 versus the rand.

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