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South Africa's rand extends losses as weak risk appetite weighs

Published March 14, 2016 Updated March 14, 2016 02:41pm
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By Imad Uddin
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JOHANNESBURG: South Africa's rand extended losses in afternoon trade on Monday as global risk sentiment waned with some investors taking defensive positions ahead of a much anticipated meeting of the U.S. central bank on Wednesday.

By 1405 GMT the rand had weakened 1.81 percent to 15.4900 per dollar, falling alongside its emerging market peers in what traders said were low liquidity conditions.

Copyright Reuters, 2016

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