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South African rand slips further after huge losses on Trump win

South Africa's rand headed for its fifth day of losses on Thursday, as the dollar continued to take advantage of Donald Trump's U.S. election win.

At 1127 GMT, the rand traded at 18.37 versus the dollar , about 0.7% weaker than its previous close.

It's not only the rand that has found itself in free fall, but all emerging markets, Rand Merchant Bank experts said in a. research study note.

This sell is by no methods unfavorable belief in South. Africa however rather an extremely buoyant dollar, the note included.

The rand has actually lost more than 5% versus the greenback since. the U.S. election last week, with investors expecting Trump's. policies to bring greater short-term economic development and likewise. possibly inflationary pressures.

An improvement in South African mining output in September. did little to support the rand on Thursday. The output increased 4.7%. year on year in September from 0.3% in August, Data South. Africa information showed.

On the Johannesburg stock exchange, the blue-chip Top-40 index. traded 0.3% down.

South Africa's benchmark 2030 government bond was. flat, with the yield at 9.165%.

(source: Reuters)