(Bloomberg) -- The South African rand declined for a second day as a slide in the country's stock market reduced demand for the currency.
The currency also fell on speculation declining gold and platinum prices will reduce the country's export earnings, making it harder for it to finance its current account deficit. The currency had the second biggest decline of the 71 currencies tracked by Bloomberg today, partly hurt by a 2 percent slide in South Africa's main stock index yesterday.
Read more at Bloomberg Currencies News
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