HomeNewsS.Africa's rand hits fresh 2012 low vs dollar

S.Africa's rand hits fresh 2012 low vs dollar


JOHANNESBURG – The rand fell 1.5 percent to hit a fresh 2012 low against the dollar in the afternoon session on Wednesday as the euro currency plunged below $1.26.

The local unit often tracks moves on the euro as the region is a major trading partner for South Africa. The rand was down 1.38 percent at 8.4550 at 1441 GMT, coming off slightly from the session low of 8.4626.

Recent Posts

Stories you will enjoy

Recommended reading