Wednesday, July 18, 2007

Rand holds steady vs dollar in liquid market

(Reuters) - South Africa's rand remained around levels at which it has traded for the past two weeks on Wednesday, with an uptick in global risk aversion and central bank intervention seen blocking any significant gains.

At 1455 GMT the domestic unit was at 6.9640 versus the dollar, barely changed from Tuesday's New York close of 6.96, though it briefly visited 7.0001 earlier in the session.


Read more at Reuters Africa

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