South Africa's rand extends gains against ailing dollar

Jul 24, 2017

South Africa's rand extended gains against an ailing dollar on Monday, as U.S. political ructions pushed the greenback close to a 13-month low against a basket of major currencies.

At 0700 GMT, the rand was fetching 12.9150/dollar, 0.15 percent firmer.

In fixed income the benchmark yield was unchanged at 8.515 percent.

Stocks opened firmer with the top-40 index up 0.58 percent.

Reporting by Ed Stoddard; editing by John Stonestreet - Reuters

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