Markets

South Africa's rand briefly falls 1 percent in volatile trade

Published October 20, 2016 Updated October 20, 2016 03:59pm

1 min

By Shoaib Ur Rehman

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JOHANNESBURG: South Africa's rand weakened as much as 1 percent on Thursday in volatile trade caused by uncertainty over the European Central Bank's monetary policy stance, analysts said.

The rand fell to a session low of 13.9800/dollar before recovering to 13.9300 by 1310 GMT, down 0.69 percent from Wednesday's close.

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