The Rand’s prospects from a global perspective remain relatively unchanged this week, following on from the past few weeks of torture that saw us whistle past the key psychological level of R17.50/USD. Fortunately, the break upwards seems to have lost its momentum with a retracement underway. We are hanging around the previous trading range established in mid-July of R17.20/USD - R16.95/USD, which hopefully gives us scope from a technical viewpoint to progress lower. Though, as always, nothing is ever guaranteed when it comes to the Rand....

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