(Bloomberg) -- The South African rand fell for a second day as the price of the commodities that account for about a fifth of exports declined, and on speculation its advance to a nine-month high may prompt sales.
The currency often moves in tandem with the metals and lower prices mean reduced revenue from abroad and a weaker rand. The rand has gained almost 1.5 percent in the past week and its current levels may entice importers to sell the currency, to get dollars at cheaper levels.
Read more at Bloomberg Currencies News
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