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encanews on Instagram: "The Number of the Day is R17, which is where the rand traded against the dollar today. It is one of the strongest levels in almost three years. The rand is gaining because the dollar is weakening, mainly due to expectations of US interest-rate cuts. South Africa is also benefiting from better sentiment after a ratings upgrade and signs of stabilising debt. A stronger rand can help ease inflation and make imports cheaper. For more, click the link in the bio."
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