The South African rand fell today after the holiday season ended as importers thought it is to good time to buy dollar after the local currency has rallied last month.
The three-week holiday season has starter in December 17 and ended today. The rand was going down after importers returned to work and began buying dollar. The greenback itself was somewhat soft against most majors today following last week’s turbulence.
USD/ZAR rose from 8.5651 to 8.5786 as of 16:53 GMT today.
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