Extending its previous session's downtrend, the US dollar declined further against the South African rand in New York morning deals on Wednesday. The greenback slipped to a 5-day low of 6.8724 versus the rand by about 11:15 am ET, which may be compared to Tuesday's closing value of 6.9282. The dollar is presently trading near 6.8900 versus the South African unit with 6.8300 seen as the next likely target level.

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