Rand Falls to Record Versus Dollar Before Credit-Rating Reviews

  • Currency under pressure after PMI falls, trade gap widens
  • Credit-default swaps show nation due for rating downgrade

South Africa’s rand weakened to a record against the dollar on Tuesday, before rating reviews by Fitch Ratings Ltd. and Standard & Poor’s that may see the country move closer to junk level.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.