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S.Africa's rand likely to pierce 8.20/dollar barrier

August 15, 2012 Comments Off on S.Africa's rand likely to pierce 8.20/dollar barrier

August 15, 2012, 8:50 am

JOHANNESBURG (Reuters) – The rand steadied against the dollar on Wednesday, but looked ready to fall through the 8.20 barrier and out of last week’s range as investors waited for retail sales data that could point to slowing economic growth in Africa’s largest economy.

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