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The rand reached its weakest level in almost four weeks as a global sell-off in stocks and emerging market currencies showed no sign of abating after a hotter-than-expected US inflation report pointed to the US Federal Reserve (Fed) proceeding on its aggressive tightening path.

The US inflation report released on Friday has put the spotlight squarely on the Fed, with its policy-setting committee meeting this week set to consider the best course of action to battle rising prices without tipping the economy into a recession...

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