Friday, June 8, 2007

Rand steady, bonds weaker on US treasuries

(Reuters) - South Africa's rand opened steady on Friday after falling sharply against the dollar in overnight trade as the U.S. currency gained on the back of a sell-off in Treasuries.

The rand was trading at 7.27 versus the dollar at 0700 GMT, not far off its New York close of 7.2820 on Thursday, after dipping to 7.29/dollar, its worst level since March 30.


Read more at Reuters Africa

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