Rand hits record lows

File photo: Siphiwe Sibeko.

File photo: Siphiwe Sibeko.

Published Aug 14, 2015

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Johannesburg - South Africa's rand pushed to fresh 14-year lows against the dollar on Friday, and was at its weakest ever against the pound, hit by worries about the local economy and prospects of imminent US policy tightening.

At 06h44 GMT the rand traded at 12.8895 against the dollar, down 0.6 percent from Thursday's close and the weakest it has been since December 2001.

It also fell to an all-time low of 20.1071 versus the pound , according to Thomson Reuters data.

REUTERS

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