Rand drops first time in 3 days as manufacturing drops

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Source: Bloomberg
© Scanpix/RS
South African currency declined on Thursday falling for the first time in a three-day period against the U.S. Dollar amid speculation that the pace of growth in manufacturing eased in August from 5.4% to 1.2%, while mining output added 0.8% on the month. The Rand slipped 0.3% to 9.9880 per U.S. Dollar by 10:08 a.m. Johannesburg time.

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