BUZZ-USD/ZAR drops regardless disappointing mining data

* S African mining production fell 3.5% yy in June worse than -0.8% f/c * Gold production slumped 12.6% yy in June * USD/ZAR down 0.53% regardless data reaching 18.1200 * Aug 13 low is just shy August 18.1075 low which traded on Aug 1 * USD/ZAR has reached base 20-day Bollingers from where bounce more likely * Buyers might shelter stops under July low at 17.94 or 2024 low at 17.87 * Expected September start U.S. easing cycle may support risk/appetite ZAR * Big gains for gold favour ZAR urn:newsml:reuters.com:*:nL1N3K00HR * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ USD/ZAR https://tmsnrt.rs/4ctovhc ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))