(Reuters) - South Africa's rand gained over one percent against the dollar on Monday to touch six-week highs as worries about the U.S. housing sector reinforced views that U.S. interest rates would likely stay steady but rise elsewhere.
At 1520 GMT the rand was at 6.9750 to the dollar compared to Friday's New York close of 7.04, having earlier risen more than 1.1 percent to 6.9580, its highest level since May 17 when it reached 6.945/dollar.
Read more at Reuters Africa
At 1520 GMT the rand was at 6.9750 to the dollar compared to Friday's New York close of 7.04, having earlier risen more than 1.1 percent to 6.9580, its highest level since May 17 when it reached 6.945/dollar.
Read more at Reuters Africa
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