South African Rand Extends Decline After GDP Contracts in 3Q

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The rand extended a decline against the dollar after data showed South Africa’s economy unexpectedly contracted in the third quarter.

Thecurrency weakened 0.7% to 14.6472 per dollar by 11:33 a.m. in Johannesburg.

Read more at : https://www.investing.com/news/forex-news/south-african-rand-extends-decline-after-gdp-contracts-in-3q-2032295