Thursday, May 10, 2007

Rand softens as dollar recovers

(Reuters) - The rand shed around one percent against the dollar on Thursday as the greenback trimmed recent losses, firming to a one-month high against the euro, the currency of South Africa's main trading partner.

The rand was at 6.9770 to the dollar at 1515 GMT, after earlier weakening 1.29 percent to 7 against the greenback from its previous New York close of 6.9095.


Read more at Reuters Africa

No comments: