Tuesday, July 3, 2007

Rand steady, range-bound on US holiday

(Reuters) - South Africa's rand steadied versus the dollar on Wednesday and traders expected a range-bound session for the currency especially as U.S. markets will be closed for a public holiday.

At 0645 GMT, the rand was at 6.99/dollar, unmoved from its New York close on Tuesday and stuck near a six-week high hit on Monday. Dealers said the unit was likely to trade between 6.95-7.05 in the session.


Read more at Reuters Africa

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