South African Rand at Over 1-Week Low
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The South African rand weakened toward 16.1 per USD, the lowest in over a week, amid a stronger US dollar and falling prices of key precious metals, particularly gold and platinum.Meanwhile, traders assessed the latest domestic economic data.South Africa’s unemployment rate dropped to 31.4% in the final quarter of 2025 from 31.9% in the previous period.Despite improvements across most metrics, the rates remain extremely high, highlighting the country’s persistent jobs crisis.The attention now turns to the upcoming inflation report due on Wednesday.
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