South African rand falls as dollar surges on Fed rate hike forecasts.
The rand has now lost more than 5% against the dollar this week as the U.S. currency has forged higher on global markets. [nL1N2ZV0V8]A string of U.S.
central bank officials said on Thursday that the Fed needs to keep raising borrowing costs to tame decades-high inflation, even as they debated how fast and how high to lift them.
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