The South African Rand lost ground against the U.S. dollar in the European session on Tuesday, as investor fear that the coronavirus outbreak in China will have a negative impact on the economy.

The South African Rand dropped to a 1-1/2-month low of 14.71 against the greenback from Monday's closing value of 14.61. The currency is seen finding support around the 15.5 mark.

Grafico Cross US Dollar vs ZAR (FX:USDZAR)

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Grafico Cross US Dollar vs ZAR (FX:USDZAR)

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