South African rand slips against stronger dollar
The South African rand weakened against the US dollar as investors reviewed data showing improved manufacturing sentiment and strong vehicle sales in September. Domestic bonds and stocks also saw slight declines.
Insights:
The South Africa rand fell 0.8% to 16.5750 against the United States dollar on Thursday afternoon. The currency dipped as investors weighed domestic economic data against a stronger greenback. The dollar index rose 0.2% during the session.
