Rand falls to 8.37 against US dollar

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IOL world currency1 Graphic: Renjith Krishnan.

South Africa's rand fell more than 1.5 percent to a near two-week low against the dollar on Thursday as the greenback staged a broad-based rally on sharply lower unemployment benefit claims data for the world's biggest economy.

The rand hit a session low of 8.3701/dollar, its softest since June 29, and was trading at 8.3688 by 16:17 SA time, down 1.53 percent on the day. - Reuters

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