# The rand has crashed through 16-rand-60-cents to the dollar, hitting its weakest level in almost two months. The dollar is strengthening as US Treasury yields rise, while higher oil prices and expectations of US rate hikes add pressure. The rand faces a fuel-price shock, with petrol and diesel expected to rise by about 3-rand a litre next week. Economists warn this could push inflation towards 5-percent and trigger another repo rate hike in November. Analysts also cite deteriorating terms of trade and fading commodity-price support.
Rand crashes through R16.60 to dollar