(Reuters) - South Africa's rand weakened more than a percent against the dollar on Thursday to a one-week low, in line with other emerging markets and following a rebound in the dollar on Wednesday.
The local currency was trading at 6.9595 against the greenback at 1115 GMT compared to a New York close of 6.8825, pulling further off an 11-month high hit earlier in the week. Government bonds also weakened, with the yield on the benchmark 2015 issue up 11 basis points at 8.545 percent.
Read more at Reuters Africa
The local currency was trading at 6.9595 against the greenback at 1115 GMT compared to a New York close of 6.8825, pulling further off an 11-month high hit earlier in the week. Government bonds also weakened, with the yield on the benchmark 2015 issue up 11 basis points at 8.545 percent.
Read more at Reuters Africa
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