South African rand rises after unexpected PPI fall
The rand rose 0.47% against the dollar to trade at ZAR8.9882 late in the morning session while it was 0.57% higher against the euro at ZAR12.1854.
Statistics South Africa reported a fall of 0.1% in PPI compared to a decline of 0.3% the previous month. Analysts had predicted that the PPI to rise 0.2%.
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