Tuesday, July 10, 2007

Emerging market sentiment weighs on S.African rand

(Reuters) - South Africa's rand weakened against the dollar on Tuesday, as a drop in U.S. stocks prompted investors to move away from emerging markets.

At 1455 GMT, the rand stood at 7.01 versus the dollar. It was about 0.55 percent softer than its last New York close of 6.9688 but had rebounded from 7.0450 earlier in the day.


Read more at Reuters Africa

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