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Rand bounces back after budget-related drop
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South African Finance Minister, Nhlanhla Nene
South Africa's rand firmed 1 percent against dollar to 13.3950 on Thursday
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South Africa's rand firmed 1 percent against dollar to 13.3950 on Thursday, recovering some of its losses from the previous session when investors pulled back after finance minister Nhlanhla Nene cut this year's growth forecast.
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"The rand was a bit oversold after yesterday," said Ryan Woods, senior trader at Independent Securities.
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