Against its South African counterpart, the dollar traded lower during New York deals on Monday. At about 11:00 am ET, the pair touched 7.3880, which may be compared to last week's closing value of 7.5357. This set a 17-day low for the US currency. Presently, the pair is trading at 7.4145. The dollar has been in a downward channel against the rand since November 09, 2009.

US Dollar vs ZAR (FX:USDZAR)
Forex Chart
From Jun 2024 to Jul 2024 Click Here for more US Dollar vs ZAR Charts.
US Dollar vs ZAR (FX:USDZAR)
Forex Chart
From Jul 2023 to Jul 2024 Click Here for more US Dollar vs ZAR Charts.