Rand continues to fall against strengthening US dollar

JOHANNESBURG - The rand -- together with other currencies -- continues to fall against a strengthening US dollar.

It is hovering around R18.25 against the dollar.

The weakening local currency is now at a three-month low and is making the fight against high inflation harder.

READ: SA's economic trouble | The rand's gains and losses

While exporters benefit from a weaker rand, imports will become more expensive.

The rand's weakness is largely due to the dollar gaining as investors bet on a longer spell of higher interest rates in the US.