Against its South African counterpart, the dollar traded lower during New York deals on Monday. At about 11:25 am ET, the pair touched 7.4650, which may be compared to last week's closing value of 7.6098. This set a 4-day low for the US currency. As of now, the greenback-rand pair is trading near 7.4913. The next downside target level for the US currency is seen at 7.3833.

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