Against its South African counterpart, the dollar traded lower during New York deals on Friday. At about 1:20 pm ET, the greenback-rand pair touched 7.4950, which may be compared to yesterday's closing value of 7.5812. This set a 1-month low for the US currency. The dollar is presently trading at 7.5185 versus the South African unit. The dollar has been in a downward channel against the rand for the past 11 days.

US Dollar vs ZAR (FX:USDZAR)
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