The US dollar that hit a new multi-week high of 7.4374 against the South African rand at about 8:25 am ET, traded lower in New York afternoon deals on Tuesday. Presently, the greenback is trading near 7.3774 versus the rand from Mondays' closing value of 7.3487.

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