The South African Rand drifted lower against the U.S. dollar in early European deals on Monday, as allure of emerging currencies diminished on fears over an early rate by the Federal Reserve.

The South African Rand fell to a 10-day low of 14.57 against the greenback, compared to Friday's closing value of 14.40. The next possible support for the South African Rand may be found around the 15.5 mark.

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