Tuesday, July 17, 2007

Rand stagnant versus dollar, lacks impetus

(Reuters) - The South African rand remained caught in tight ranges against the dollar on Tuesday amid a lack of market moving domestic economic data, traders said.

The local currency was at 6.9630 to the dollar at 1520 GMT, 0.2 percent firmer than Monday's close of 6.9750 after trading between 6.9570 and 6.9925 during the session.


Read more at Reuters Africa

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