South African rand wilts to 12-day low as rally falters
LONDON, June 14 (Reuters) - South Africa's rand dropped to a 12-day low and one of its primary volatility indicators climbed to a near one month-high on Monday, as the currency's 2021 rally ran into some turbulence.
The rand was last down 0.7% at 13.77 to the U.S. dollar ZAR= and firmly on course for its fifth drop in the last six trading sessions. One-week implied volatility levels topped 12.5 ZARSWO= for the first time since May 17, Refinitiv data also showed.
(Reporting by Marc Jones, editing by Karin Strohecker)
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