Friday, May 11, 2007

Rand firms on US data

(Reuters) - South Africa's rand gained about one percent versus the dollar on Friday, as the greenback softened after U.S. data pointing to a slowing economy reinforced the view that interest rates may be cut.

U.S. data showed that retail sales fell 0.2 percent in April while producer prices grew at a softer-than-expected 0.7 percent.


Read more at Reuters Africa

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