Tuesday, June 12, 2007

Rand firms but dollar strength caps gains

(Reuters) - South Africa's rand was firmer on Tuesday but a strong dollar that has depressed metals prices capped its gains as traders continue to look to external developments for direction.

The local currency was at 7.22 against the greenback at 1535 GMT, 0.3 percent stronger than its previous New York close of 7.2425, but off the session's firmest mark of 7.1877.


Read more at Reuters Africa

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