The US dollar traded lower against the South African rand in New York trading on Monday. The greenback-rand pair that closed Friday's New York session at 7.4178, slipped to a 4-week low of 7.3190 by about 2:30 pm ET. As of now, the pair is worth 7.3555. On the downside, 7.2999 is seen as the next target level for the US currency.

US Dollar vs ZAR (FX:USDZAR)
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US Dollar vs ZAR (FX:USDZAR)
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