The US dollar that hit a high of 7.2821 against the South African rand at about 8:40 am ET, plunged to a new multi-month low of 7.1950 by about 10:15 am ET Friday. The greenback-rand pair that closed Thursday's New York session at 7.2493, is now trading near 7.2398.

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