Friday, June 1, 2007

Rand steady vs dollar, eyes US data

(Reuters) - The rand was little changed from overnight levels against the dollar early on Friday and should hold mostly steady while eyeing overseas trends, with little seen on the local front to move it much.

The rand was at 7.1220 versus the dollar at 0640 GMT after closing in New York on Thursday at 7.12, holding on to gains after South African inflation, credit, money supply and trade data boosted expectations of an interest rate rise next week.


Read more at Reuters Africa

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