Against its South African counterpart, the dollar traded higher during New York morning deals on Thursday. At about 11:30 am ET, the greenback climbed to 7.5187 versus the rand, which may be compared to yesterday's closing value of 7.4023. This set a new multi-week high for the US currency. Thereafter, the pair reversed its direction and currently trading near 7.4608.

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