(Bloomberg) -- The South African rand fell to its lowest in two weeks as political instability in Turkey caused investors to sell riskier emerging market assets.
The rand was the second worst performer versus the dollar today after the Turkish lira, as Turkey's military threatened to block the government's presidential candidate, pushing emerging market currencies lower. The rand also fell on speculation its rise to above 7 per dollar for the first time in three months last week wasn't warranted by the interest rate outlook.
Read more at Bloomberg Currencies News
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