South Africa's rand weakens, vulnerable to weaker euro

South Africa's rand slipped to a two-week low against the US dollar on Friday, tracking a weaker euro which stumbled after the European Central Bank said it will soon embark on outright money-printing.

Mario Draghi, head of the ECB, fuelled expectation that the bank would take bolder steps on monetary stimulus later this month, sending the euro to its lowest level in 4-1/2 years against the dollar.