Sunday, December 25, 2011

S.Africa's rand firms within range against dollar

photoJOHANNESBURG (Reuters) - South Africa's rand firmed against the dollar but traded within the previous session's levels on Thursday as the currency tracked moves in the euro, with domestic drivers absent as trade thinned ahead of the holidays. The rand was at 8.1350 to the dollar at 1518 GMT, 1.3 percent firmer than Wednesday's close in New York trade. It strengthened to 8.07 on Wednesday but has only reached 8.1235 on Thursday as the euro fell against the dollar in the later part of the session, capping rand gains. "It's thin markets. Dollar/rand has traded in the expected range of 8.1000-8. ...


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