After edging down to 6.8650 as of 10:15 am ET, the US dollar surged up against the South African rand and hit a 16-day high of 6.9942 by about 2:05 pm ET Thursday. At present, the greenback-rand pair is trading at 6.9489, compared to yesterday's closing value of 6.9451.

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