Monday, June 18, 2007

Rand holds firm vs dollar

(Reuters) - South Africa's rand stayed on firm ground against the dollar in quiet Monday trade, and should take direction during the session from overseas market trends, traders said.

At 0640 GMT the domestic currency was trading at 7.1060 per dollar, 0.2 percent stronger than its New York close of 7.1225 on Friday and pulling back from an earlier slip to 7.14/dollar.


Read more at Reuters Africa

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