Monday, August 6, 2007

Rand firmer in volatile market

(Reuters) - South Africa's rand crept up against the dollar on Monday after gyrating in a wide range as investors returned tentatively towards emerging market assets, while a firmer euro and gold price added support.

After swinging in a wide 15 cent band, the rand stood at 7.0785 versus the dollar at 1525 GMT, about 0.64 percent firmer than its New York close of 7.1250 on Friday. It weakened to 7.19/dollar earlier in the session.


Read more at Reuters Africa

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