Thursday, February 1, 2007

Rand a touch weaker, watches US figures

South Africa's rand eased a bit against the dollar early on Friday, and traders expected it to track a 10-cent range ahead of U.S. employment data later in the day.
The rand was at 7.1830 versus the greenback at 0845 GMT, slightly off levels of 7.1601/dollar when New York closed on Thursday.

"The rand is still very much in ranges and really looking like we are going to move in ranges ahead of U.S. non-farm payrolls today," said Rand Merchant Bank trader Jim Bryson.
"We will go with something in the region of 7.16/21, and then we will follow the euro after non-farms," he added.

Read more at Reuters South Africa

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