(Reuters) - South Africa's rand weakened versus the dollar on Friday after central bank governor Tito Mboweni said the currency's high liquidity and a wide current account deficit made it vulnerable to international sentiment.
The rand was trading at 7.0045 versus the dollar at 0745 GMT, weakening by about three cents from just before Mboweni began his speech at a business meeting in Johannesburg.
Read more at Reuters Africa
No comments:
Post a Comment