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South African Rand Remains Steady Amid Middle East Conflict

The South African rand held steady on Friday as investors monitored Middle East tensions. Markets weighed news of delayed strikes on Iran against troop concerns.

Xurve View

The South Africa rand remained range-bound on Friday as global investors monitored escalating developments in the Middle East. Geopolitical uncertainty continues to weigh on risk-sensitive currencies following recent strategic decisions by the United States regarding military engagement in the region.

A collection of South African Rand coins is shown in an illustrative photo from October 2020. REUTERS/Mike Hutchings/Illustration
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