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South African Rand eases slightly

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/12/2015 (16:37)
According to local media sources, South Africa’s currency, the rand, has eased a little bit following the US Fed’s decision to raise its key lending rate. Moody’s decision to change its outlook on South Africa’s credit rating to negative also pressured local assets.

As of December 17, the rand had weakened 0.27% to 14.9750 per dollar in the morning session.
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