Rand Falls to Six-Week Low as Concerns Around Gordhan Persist

  • Finance Minister has refused to report to special police unit
  • Prospects of U.S. rate rise weigh on South African currency

South African Rand Caught in Turmoil of Split ANC

The rand fell to a six-week low against the dollar as increased political risk in South Africa combined with growing expectations that the U.S. may raise interest rates this year to weigh on the currency.

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