The South African rand dropped today, heading to the worst week in more than two months, as the European debt crisis continues to produce a downward pressure on the riskier currencies.
The market sentiment worsened after German Chancellor Angela Merkel rejected the idea of joint
USD/ZAR went up from 8.4530 to 8.5440 today as of 12:40 GMT and touched the high of 8.5790 earlier.
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