Friday, July 6, 2007

Rand firmer despite dollar-positive data

(Reuters) - The South African rand was a touch firmer against the dollar late on Friday despite the release of dollar-friendly U.S. jobs data, which eased concerns about an interest rate cut in the world's biggest economy.

U.S. employers added 132,000 new jobs in June, more than expected, and also boosted payrolls more strongly than previously thought in April and May.


Read more at Reuters Africa

No comments: