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Rand holds steady as investors weigh US Treasury move

The South African rand remained flat in early trade as global investors digested a surprise US Treasury announcement to support bond liquidity. Risk appetite improved following the plan to double buybacks for longer-dated government bonds.

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South African Rand coins are seen in this illustration picture taken October 28, 2020. REUTERS/Mike Hutchings/Illustration

The South Africa rand held steady in morning trade on Thursday, trading flat at 16.09 against the USD/ZAR as global investors digested a surprise United States Treasury move.
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