The monetary unit of the African continent's biggest economy was pulled down by signals of an economic slowdown in China, the globe's second-biggest economy, the world's most rapidly developing economy and the top trade partner to South Africa. China purchases about 14 percent of South Africa's exports.
"There's nothing on the local front to drive our market either way, we're taking our direction from overseas," a Johannesburg trader told Reuters, noting the nation's central bank is likely to preserve rates this year, which helps the domestic rate outlook remain unchanged.
Exports from China last month developed at a pace more laggardly than forecast by economists, which spurred the Asian nation's biggest trade deficit in at least 22 years.
U.S. Treasuries were on the receiving end of increased attention due to economic data indicating the nation hosting the globe's largest economy has a brighter outlook, according to Reuters.
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