South African Rand Slips on Falling Gold Prices
The South African rand weakened as falling gold and platinum prices pressured the currency. Meanwhile, faster producer inflation added to concerns about the domestic economic outlook.
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South Africa's rand weakened 0.3% to trade at 16.6450 against the USD/ZAR during Thursday afternoon trade. The currency faced downward pressure from falling export commodities following the United States central bank's rate decision.
