The South African rand fell to month lows against the world's reserve currency on Monday after the country's official statistics office noted a bigger than expected trade deficit, according to Reuters.
The currency of the largest economy on the African continent also was pinched by ongoing strife among the nation's platinum sector. April trade deficit information grew to 13.03 billion rand, according to the South African Revenue Services. March figures registered at 11.39 billion rand.
The ongoing strikes at the globe's three largest generators of platinum already are the lengthiest in the history of the nation, according to Reuters. The strife proved to be detrimental to the national economy during the first quarter of this year. That marked the first generation slump since the recession in 2009.
In April, demand for private sector credit dropped to 8.27 percent after checking in at 8.73 percent during March. That data shows emerging markets are demonstrating a certain vulnerability, according to the news source.
Exports fell by roughly 2.6 percent in April while imports dropped by about 1 percent, according to The Business Recorder.
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