Thursday, June 7, 2007

Rand weaker vs dollar despite rate hike

(Reuters) - The South African rand drifted slightly weaker against the dollar on Thursday, with the strengthening impact of a central bank interest rate increase only seen filtering through later, traders said.

At 1510 GMT the local currency was at 7.21 to the dollar, 0.1 percent softer than its New York close of 7.2035 on Wednesday.


Read more at Reuters Africa

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