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South African rand strengthens as commodity prices rise amid Middle East tensions.
The South African rand strengthened slightly against the US dollar as global commodity prices rose due to Middle East tensions and higher oil costs.
While South Africa benefits from its role as a commodity exporter, concerns about inflation and rising energy prices are beginning to emerge.
Domestic economic indicators showed growth in the money supply and private sector credit, while the benchmark government bond yields continued to climb.
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El rand sudafricano se fortalece a medida que los precios de las materias primas aumentan en medio de las tensiones en Oriente Medio.