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South Africa's currency plunges after Fed's statement

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Staying with the rate increase announcement, South Africa's currency weakened further after the statement by Fed chair, Janet Yellen. That, coupled with Moody's decision to change its outlook on Pretoria's credit rating to negative sent the rand lower by 0.27% to 14.97 per dollar.
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Lol 1 dollar = 250 naira.. Go figure!!

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