South African rand heads for fourth weekly loss as dollar strengthens
The South African rand was set for a weekly loss of nearly 2% on Friday, pressured by a stronger dollar and rising global bond yields as investors reduced exposure to riskier assets.
The South African rand was on track for a weekly decline of nearly 2% on Friday, as a firmer dollar and higher global bond yields weighed on risk appetite and prompted investors to cut exposure to riskier assets.