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Rand Bulls See Currency Breaking Five-Year Trend of Declines

  • Best dollar-rand forecaster predicts rand at 13.50 by year-end
  • Five-year dollar-support trendline could break, IGM says
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The rand is on the verge of bucking a five-year losing trend.

Instead of holding a trajectory that has seen it lose more than 50 percent of its value against the dollar since 2011, South Africa’s currency may be about to end a pattern of annual declines, according to Informa Global Markets, which analyzes technical trends.