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South Africa’s Rand at Rock Bottom Has Nowhere to Go But Up

  • First back-to-back weekly gain this year may herald new trend
  • Standard Bank sees gain to 16.50 per dollar if EMs recover
South African Rand Rebound Snaps Streak of Weekly Losses
Photographer: Waldo Swiegers/Bloomberg
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Just when you thought things couldn’t get any worse for South Africa’s rand... they probably won’t.