South Africa’s rand weakens 1 percent as metals fall, dollar gains

South_Africa's_rand
South Africa’s rand

South Africa’s rand weakened 1 percent against the U.S. dollar to 13.5300 on Monday in line with other emerging market currencies as the dollar strengthened.

“The dollar is on the front foot especially against the Euro and the commodities like platinum are down,” said Wichard Cilliers chief currency dealer at Treasury One.