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Markets

South Africa's rand extends losses on dollar strength

Published Updated

imageJOHANNESBURG: South Africa's rand extended losses against the dollar on Thursday, despite a hawkish monetary policy statement, mainly reflecting broad-based strength of the greenback against major currencies.

Government bonds also weakened sharply, with the yield for the 2026 benchmark up as much as 16.5 basis points to 7.780 percent.

Copyright Reuters, 2015

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