South Africa's rand extended losses to more than 2 percent against the dollar, tracking an emerging market sell-off and companies buying the greenbacks after a long weekend, traders said.
Rand extends losses, down more than 2 percent against dollar
The rand was up 2.19 percent at 14.5925 against the dollar by 1425 GMT.
The hand of Former South African Reserve Bank Governor Gill Marcus is seen holding South Africa's new rand banknotes - which feature an image of former president Nelson Mandela on the front in a file photo. REUTERS/Siphiwe Sibeko
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