South African Rand Weakens Following Drop in Mining Output

South African rand weakened against US dollar after drop in monthly mining output.
Mining production fell 3.6% year-on-year in July, versus predicted 0.5% increase.
Dollar strength seen as bigger factor in rand's fall.
Investors look ahead to South African inflation data and interest rate decision next week.
Johannesburg Stock Exchange closed higher, with main indices up over 1.4%.

reuters.com

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