(Reuters) - South Africa's rand was slightly weaker against the dollar on Thursday and traders said the currency would remain under pressure if offshore selling and risk aversion towards emerging markets continued.
The rand fell more than 1.4 percent in Johannesburg's late trade as comments by U.S. Federal Reserve chairman Ben Bernanke about the uncertainty of the U.S. economic outlook prompted a sell-off of high risk assets such as the rand.
Read more at Reuters Africa
Thursday, March 29, 2007
Rand a tad weaker, to remain pressure
Labels:
Ben S. Bernanke,
Dollar,
Emerging Markets,
Federal Reserve,
Rand
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