Friday, July 6, 2007

Rand a tad weaker as dollar holds gains

(Reuters) - South Africa's rand weakened slightly versus the dollar on Friday after the dollar staged a mild recovery against major currencies, but traders said the local unit was not likely to weaken further.

The rand was trading at 7.0350 versus the dollar at 0640 GMT, about 0.2 percent softer than its New York close of 7.0150 on Thursday.


Read more at Reuters Africa

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