South Africa’s commodity-linked currency recovered from an all-time low against the U.S. dollar Tuesday despite a slump in China’s imports and persistent fears over a more severe slowdown in the world’s second-largest economy. The South African rand strengthened for the first time in four days, rising 1.3 percent to 13.7885 per dollar as of 4:30 p.m. in Johannesburg after plummeting to more than 14 against the U.S. currency, according to Bloomberg.
