South African Rand Falls as Investors Sell Riskier Emerging Market Assets

(Bloomberg) -- South Africa's rand fell to a two-
week low against the dollar as declines in global stocks prompted
investors to sell emerging market assets.

The rand was the worst performer of the 16 most-traded
currencies tracked by Bloomberg as South Africa's main stock
index slumped almost 2 percent. The currency of Africa's biggest
economy also declined as investors sold the country's bonds,
pushing 10-year yields to the highest in nine months.


Read more at Bloomberg Currencies News