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South African rand subdued on risk-off mood, economic data eyed - REUTERS

JUNE 17, 2025

JOHANNESBURG, June 17 (Reuters) - The South African rand was down marginally on Tuesday, despite fragile risk sentiment driven by the Israel-Iran conflict, and ahead of key domestic economic data on Wednesday.

At 1403 GMT the rand traded at 17.85 against the dollar , 0.2% softer than Monday's close.

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While concerns of a prolonged Middle East conflict have increased market risk aversion, the rand has only seen modest weakening due to a suppressed U.S. dollar , Investec analysts said in a note.

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