South Africa's rand eases on strong U.S. housing resale data

South Africa's rand weakened against the dollar on Wednesday as the greenback widened its gains on strong U.S. housing data, adding pressure on emerging market currencies. Data from the U.S. related to home sales came in a bit stronger than consensus expectations," said Rob Price, market analyst at ETM Analytics. The strong numbers are another indicator that the U.S. economy is regaining momentum, but previous data on retail sales, housing starts and manufacturing will probably be insufficient t