(Reuters) - South Africa's rand slipped on Friday, knocked by concerns the buyout of fashion retailer Edcon may unravel and by Thursday's no-change decision on interest rates, but losses were capped by firm metal prices.
The local currency was trading at 7.2095 to the dollar at 1520 GMT, 0.7 percent weaker than its previous New York close. It was also softer against the euro at around 9.72 from 9.6027 late on Thursday.
Read more at Reuters Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment