Wednesday, July 11, 2007

Rand seen softer as risk aversion prevails

(Reuters) - South Africa's rand was a touch softer against the dollar early on Wednesday and looked vulnerable to heightened caution in global markets about investment in higher-yielding assets.

At 0635 GMT the rand was trading at 7.0260 per dollar, only slightly off Tuesday's New York close of 7.0240.


Read more at Reuters Africa

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