09-03-2016 16:21 via news.yahoo.com

South Africa's rand up 1 pct as US data boosts EM currencies

JOHANNESBURG (Reuters) - South Africa's rand climbed 1 percent against the dollar on Wednesday as U.S. wholesale inventories data pointed to restrained growth in the world's biggest economy, boosting appetite for emerging market currencies.[nLNN9EEC48] The rand hit a session high of 15.2900 per dollar, up from Tuesday's New York close at 15.4450. (Reporting by Stella Mapenzauswa)
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