Monday, May 14, 2007

Rand steady versus dollar, seen rangebound

(Reuters) - South Africa's rand gave up gains against the dollar made earlier on Monday, due mainly to softer gold prices, and should tread current ranges in coming days.

At 1520 GMT the rand was at 6.9445 versus the dollar, off earlier highs of 6.90, but hardly moved from its close of 6.9425/dollar in New York on Friday.


Read more at Reuters Africa

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