Monday, July 16, 2007

Rand stuck in ranges, seeks direction

(Reuters) - South Africa's rand clung largely to last week's closing levels against the dollar on Monday and should keep to present ranges in the absence of substantial economic developments to give it a push either way.

At 1520 GMT the rand was at 6.9625 versus the greenback, barely off Friday's New York close of 6.96 and within Monday's narrow 6.9530/98 trading range.


Read more at Reuters Africa

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