(Bloomberg) -- The South African rand gained for a third day, its best performance in almost a month, as rising global stocks persuaded investors to reduce their aversion to risk and boosted demand for commodities.
Foreign investors have bought 24.3 billion rand ($3.5 billion) more of South African stocks than they've sold this year, helping to boost demand for the currency. The rand has also benefited as gold and platinum, which account for about a fifth of exports in Africa's largest economy, have risen.
Read more at Bloomberg Currencies News
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