Markets

South Africa's rand extends losses, down 1.5pc against dollar

Published April 15, 2013 Updated April 15, 2013 10:19am

1 min

By Shoaib Ur Rehman

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JOHANNESBURG: South Africa's rand weakened as much as 1.5 percent against the dollar on Monday, tracking a global retreat in commodity-linked currencies after weak economic data from China.

The rand hit a session low of 9.08 to the dollar and was at 9.0620 by 1003 GMT, weakening 1.33 percent from Friday's close at 8.9430.

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