South Africa’s rand, stocks weaker after hawkish Fed comments

South Africa’s rand retreated for a third consecutive session on Friday to its weakest level in a week against the dollar while stocks also fell, both assets pressured by signs the U.S. central bank could still lift rates this year. By 1600 GMT the rand had slid 0.9 percent to 13.5065 per dollar, following a … Continue reading South Africa’s rand, stocks weaker after hawkish Fed comments