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14
Aug
2018
Rand rebounds two percent as Turkey-led rout easesBy:CURRENCY South Africa's rand gained more than 2% on Tuesday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3% stronger on the day and more than 11% stronger than its weakest on Monday.
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