Wednesday, July 18, 2007

Rand holds firm after overnight gains

(Reuters) - South Africa's rand was steady early on Thursday, after firming overnight against the dollar on a higher gold price, and may get a further leg up from talk of another local bank takeover.

The rand was trading at 6.93 to the dollar at 0640 GMT, a touch firmer than its previous New York close after earlier touching 6.9225, its strongest level since May 16 according to Reuters data.


Read more at Reuters Africa

No comments: