Rand Trims World’s Biggest Currency Gain as Risk Aversion Grows

  • Currency still leads peers in September advance vs dollar
  • Deutsche Bank spurs risk aversion; U.S. data boosts dollar

The rand fell as much as 1.2 percent to head for its biggest weekly retreat this month as increased risk aversion among global investors and a possible reweighting of South Africa in a JPMorgan bond index sparked concern foreigners may sell the country’s debt.

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