(Bloomberg) -- The South African rand held near its highest this year as rising stock markets increased the allure of higher-yielding assets.
The rand was the second best-performing major currency against the dollar today and is headed for a second weekly gain, its longest winning streak in almost three months. The currency was also buoyed before a government report that's expected to show producer price growth quickened, boosting the chances the central bank will raise interest rates.
Read more at Bloomberg Emerging Markets News
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