Us dollars
Rand slips back into range as trade jitters resurface
At 1545 GMT the rand was 0.17% weaker at 14.7640 per dollar, having hit a session-best 14.6600 in the initial reaction to Friday's late-night decision by S&P...
The southern African nation is short of US dollars, the currency it adopted in 2009, causing price spikes and shortages of basic goods, medicines and fuel.
Turkey triggered a sell-off in emerging market currencies as risk aversion gripped emerging markets.
Markets fear that a Donald Trump win could cause global economic and trade turmoil.
The nervousness led to a rise in the cost of hedging against swings in the pound in the next 3 to 6 months.
The Bank for International Settlements estimates the US accounts for about 60 percent of all debts outside it.
Yellen said the central bank should be cautious in raising interest rates.
The currency is currently trading at around R15.34 to the US dollar.
The rand gained 0,08% against the greenback to 11,7600, recovering after falling close to 1% at 11,8175.
The rand was trading 0,63 percent weaker to the dollar at 11,7280, extending the previous week's losses.
The rand was slightly firmer against the dollar on Friday.
The rand recorded a second day of gains toward its firmest level in over a week against the dollar.
The rand continued a recent volatile run strengthening by over a percent against the dollar as US consumer.
Asian shares came under pressure on Thursday after a disappointing survey on Chinese manufacturers.
The currecy fell more than 1% to its weakest in two months against the dollar on Monday.
The rand pulled back after hitting R10,89 to the dollar, but some warn that further drops are due.
The local currency has lost 22 percent of its value against the US dollar this year.
Nigerian Abdulsamad Rabiu has a personal wealth of $1.2 billion.
The prospect of labour unrest in the mining sector continues to unnerve investors.