(Reuters) - South Africa's rand weakened up to 1.7 percent against the dollar early on Monday, as political turmoil in Turkey and moves by China to raise banks' statutory reserves weighed on emerging market sentiment.
The rand stood at 7.1222 to the dollar at 0709 GMT, 1.24 percent softer than its last New York close of 7.0400. It earlier dipped to 7.1650, its weakest level since April 18.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment