Monday, April 30, 2007

Rand recoups losses against dollar

(Reuters) - South Africa's rand regained ground against the dollar on Monday, reversing earlier losses of around 1.7 percent triggered by political uncertainty in fellow emerging market Turkey.

The rand was at 7.0425 to the dollar at around 1420 GMT, little changed from its previous New York close of 7.04, after strengthening to a session high as 7.0340/dollar slightly earlier.


Read more at Reuters Africa

No comments: