JOHANNESBURG - The rand tumbled to its weakest since early January on Wednesday, as sentiment toward emerging market currencies was soured by a slide in the Turkish lira. At 1515 GMT, the rand was 1.32% weaker at 14.6000 per dollar from an opening level of 14.4100. It earlier touched 14.6675, the softest since 3 January and breaching a technical level that analysts say could see a move to 15.00. On Monday, the Turkish lira suffered biggest one-day fall since August as local investors stepped-up conversion of savings into dollars. The lira continued to weaken on Wednesday, plunging around 2%...
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