South Africa's rand falls 1.2pc to new 4-year low against dollar

28 May, 2013

JOHANNESBURG: South Africa's rand fell more than 1.2 percent to a fresh 4-year low against the dollar on Tuesday, extending earlier losses in a market bracing for what is likely to be a weak first quarter GDP print.

The rand hit 9.7130 per dollar, its weakest level since March 2009, compared with Monday's close at 9.5914.

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