South Africa's rand edged weaker against the dollar on Monday as further signs of economic weakness in China and a fall in oil prices kept investors on guard, but traded below the psychological level of 16.00.
Stocks climbed, with the blue chip Top 40 up 0.30 percent and the broader All Share index up at the same margin.
The rand edged down 0.16 percent to 15.9100 per dollar by 0900 GMT, compared with its New York close on Friday.
The currency edged below the psychological level of 16.00 to the dollar for the first time since January 7, buoyed by a central bank rate hike and improved global risk sentiment.– Reuters
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