Currency Note Worldwide

South African rand worst-performing currency yesterday

By Ricky Bean April 26th, 2016

The South African rand was hit with more losses yesterday as the leader of the Economic Freedom Fighters, Malema, threatened to remove President Zuma with the use of arms, adding further uncertainty over the future of the government. As a result of this, the rand was the worst-performing emerging market currency yesterday, weakening 1% against the US dollar, making rand purchases the cheapest within the past two weeks.

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