The US dollar bounced back against its South African counterpart during New York trading on Monday. After touching a low of 7.3680 by about 10:50 am ET, the greenback reversed its direction versus the rand and currently trading near 7.4383. The dollar-rand pair was worth 7.4110 at last week's close.

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