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June 9 (Bloomberg) -- The rand maintained losses against the dollar after a report showed manufacturing output growth for April missed analysts estimates.
The currency of Africa’s biggest economy declined for a second day, weakening 0.6 percent to 6.7579 per dollar by 1:03 p.m. in Johannesburg.
Factory output growth slowed to an annual 0.4 percent in April from a revised 4.9 percent a month earlier, Statistics South Africa said on its website today. That missed a median estimate for 5 percent expansion by 16 economists polled by Bloomberg.
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