USD/ZAR: Rand weakness amid challenging conditions for emerging markets – MUFG

October has been a volatile month for the rand. USD/ZAR fell in the first half of October hitting an intra-day low of 14.354 before quickly reversing
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US Dollar Index struggles for direction below 94.00

The greenback, in terms of the US Dollar Index (DXY), reverses the negative start of the month and hovers around the 93.90 region on Tuesday. US Dolla
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