(Bloomberg) -- Investors should sell the dollar against the South African currency because historical price patterns signal the rand is poised to rally as much as 15 percent, according to Citigroup Inc.
The South African rand reached 6.8625 per dollar today, its strongest since August, and last traded at 6.9087. The currency has risen 1.5 percent versus the dollar this year, amid gains in South African stocks and the price of gold, the nation's biggest export.
Read more at Bloomberg Currencies News
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