Thursday, June 7, 2007

Rand slightly firmer before rates verdict

(Reuters) - South Africa's rand opened slightly firmer versus the dollar on Thursday and traders said the currency would be rangebound before the Monetary Policy Committee's (MPC) interest rate decision around 1330 GMT.

The rand was trading at 7.1666 versus the dollar at 0645 GMT, about 0.3 percent firmer than its New York close of 7.2035 on Wednesday.


Read more at Reuters Africa

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