Rand Erases Gains as Zuma Shock Spurs EM's Biggest Drop: Chart

South Africa’s rand erased its advance to become the worst performer in emerging markets on concern the nation’s political risk may rise after President Jacob Zuma ordered Finance Minister Pravin Gordhan to end a week-long roadshow overseas. The currency sank almost 2 percent against the dollar after the report, reversing gains of as much as 1 percent.

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