The rand failed to breach a resistance level of R13.85/$ this week, but should it break through that, it could push to as much as R13.50/$ as markets price in potential US interest rate cuts, analysts said.

Emerging-market currencies have been boosted by the prospect of the US Federal Reserve cutting interest rates, with the market pricing in a 17.5% chance of a 50-basis-point cut later this month, Bloomberg data shows...

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