Rand hits 6-month low

Comment on this story
IOL world currency1 Graphic: Renjith Krishnan.

South Africa's rand weakened over 1.8 percent to a six-month low against the dollar on Wednesday as political uncertainty in Greece fanned a fresh wave of risk aversion.

The rand hit a session low of 8.5055 to the greenback, its weakest level since late November last year, according to Reuters data. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.