Rand extends losses as GDP contracts in third quarter
Analysts expected the data to prompt some movement in the local currency
03 December 2019 - 10:40
The rand weakened further on Tuesday morning as third-quarter GDP fell below market expectations.
GDP growth contracted 0.6% in the quarter from 3.2% in the second quarter while rising only 0.1% year on year, data from Stats SA showed on Tuesday. ..
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