Monday, July 2, 2007

Rand near 6-week peak vs ailing dollar

(Reuters) - South Africa's rand maintained its firm bias versus the dollar on Tuesday, and traders said the currency may hold current ranges as the greenback remains on the backfoot.

At 0630 GMT, the rand was still trading close to its six week high at 6.9520/dollar with some traders expecting the currency to hold its gains.


Read more at Reuters Africa

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