(Bloomberg) -- The South African rand fell as the price of precious metals dropped and on speculation the central bank will sell the currency.
Gold and platinum account for about a fifth of exports in Africa's largest economy and the rand often moves in tandem with the metals. Last week the rand broke through the 7-per-dollar barrier for the first time in four months, prompting speculation the central bank may sell its reserves to weaken the currency and safeguard exports and economic growth.
Read more at Bloomberg Currencies News
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