Relations between the U.S. and South Africa frayed last week, when U.S. Ambassador Reuben Brigety accused Pretoria of running guns for Russia via a mystery.
The currency was pummelled this week by investor concerns over the worst power cuts on record followed by a U.S. allegation that a Russian ship had picked up weapons in South Africa in December
The South African rand pared losses on Friday after officials said the country had not approved any arms shipment to Russia late last year, but the currency remained vulnerable to a fresh selloff after a turbulent week on domestic markets.
MEXICO CITY (Reuters) -Mexican inflation slowed in the first half of April and reached its lowest level in a year and a half, the national statistics agency said on Monday, fueling expectations the central bank may have completed a long cycle of interest rate hikes. | 09:46am