Monday, April 30, 2007

Rand reverses losses after knee-jerk fall

(Reuters) - South Africa's rand and government bonds were steady on Monday after bouncing back from a knee-jerk fall in early trade, bolstered by a smaller-than-expected trade deficit for March.

The currency initially slid against the dollar as political turmoil in Turkey and moves by China to raise bank's statutory reserves hit emerging markets.


Read more at Reuters Africa

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