Thursday, May 17, 2007

Rand softer as US data cheers dollar

(Reuters) - South Africa's rand weakened more than 1.3 percent against the dollar on Thursday as the greenback pushed higher in the wake of U.S. data which showed a surprisingly strong employment picture.

The rand was at 7.0480 versus the dollar at 1510 GMT after falling to 7.06/dollar earlier -- it's lowest trading level since May 11 and down from a New York close of 6.9675 on Wednesday.


Read more at Reuters Africa

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