Thursday, May 3, 2007

Rand firms on solid emerging markets

(Reuters) - South Africa's rand strengthened versus the dollar on Thursday on positive emerging market sentiment and traders expected to keep its firmer tone.

The rand traded firmer than 7 to the dollar for most of the trading session, reaching a session high of 6.9650. It was changing hands at 6.9775 at 1520 GMT, about 0.6 percent firmer than its New York close of 7.02 on Wednesday, and just off a recent four-month high.


Read more at Reuters Africa

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