Wednesday, April 18, 2007

Rand weaker vs dollar, EM sentiment to buoy

(Reuters) - The South African rand gave up some of its recent gains against the dollar on Wednesday but was supported by positive emerging market sentiment and firm metal prices.

At 1515 GMT the rand traded at 7.0550 versus the dollar, down 0.55 percent from its close of 7.0175 in New York on Tuesday, when it visited three-month highs.


Read more at Reuters Africa

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