Monday, March 12, 2007

Rand little changed, seen rangebound

South Africa's rand was little changed against the dollar in late Monday trade and expected to hold in ranges while eyeing sentiment towards emerging markets and developments in crisis-torn neighbouring Zimbabwe.

At around 1515 GMT the local currency was at 7.3540, just a touch weaker from its New York close of 7.3525 on Friday.

Read more at Reuters South Africa

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