The rand continued its slide during the early hours of Tuesday, weakening to R12.37 to the dollar at about 2.30am before regaining some lost ground to trade at R12.33 at 7am.Reuters reported the dollar set a three-month high against a basket of currencies on Tuesday, having gained a boost as the US 10-year Treasury yield climbed toward the psychologically key 3% level.The rand was at R15.06 to the euro and R17.20 to the pound.Quarterly results from Google’s Nasdaq-listed holding company, Alphabet, failed to live up to the market’s high expectations, sending the stock down 0.4% to $1,073.81 in what Nasdaq refers to as after-hours trading.By Nasdaq’s "closing time" at 4pm, Alphabet was down 0.3% and the release of its quarterly results led it to fall a further 0.4% by the time the exchange actually closes at 6.30pm.Alphabet’s investment in Uber helped its net profit jump 73% to $9.4bn. Investors appeared concerned that Google’s profit margin suffered from rising costs.Naspers’s 31%-ow...
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