South Africa's rand eased slightly against the dollar on Monday but was seen contained within a 7.18-7.32 band while awaiting further direction from a range of local and U.S. data over the week.
The rand was at 7.2930/dollar at 0645 GMT, a touch weaker from its 7.2850 position when New York closed on Friday.
"There's not much change from Friday although the dollar is quite stronger against everything else. I think dollar/rand has had its run. We'll most probably peak around 7.30-7.32 and come back to the lower 7.18-7.20's over the next couple of days," a Johannesburg dealer said
Read Full Article at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment