The South African Rand firmed against the U.S. dollar in European deals on Thursday, as weak economic data out of the U.S. overnight pushed back expectations for a Fed rate hike into next year.
Traders await U.S. inflation data later in the day for further clues about monetary policy.
The South African currency advanced to 13.09 against the greenback, its strongest since August 27. The next possible resistance for the rand is seen around the 12.5 region. The pair finished Wednesday’s trading at 13.22.
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