Rand Posts Its Biggest Weekly Decline in Two Months on Commodity Prices

(Bloomberg) -- The South African rand had its biggest
weekly decline in more than two months as gold and platinum prices
fell, dimming demand for the currency.

The currency of Africa's largest economy is set for a third
consecutive week of declines amid speculation falling commodity
prices may make it harder for the country to fund its current
account deficit and undermine the currency. Gold and platinum make
up almost a fifth of exports.


Read more at Bloomberg Currencies News