(Reuters) - South Africa's rand firmed against major currencies on Thursday, bolstered by an increased likelihood of higher interest rates and a stronger gold price, but bonds sold off on the rates outlook.
The domestic currency was trading at 7.0850 to the dollar at 1510 GMT, a gain of 0.56 percent compared to Wednesday's New York close, and extending an overnight rally.
Read more at Reuters Africa
The domestic currency was trading at 7.0850 to the dollar at 1510 GMT, a gain of 0.56 percent compared to Wednesday's New York close, and extending an overnight rally.
Read more at Reuters Africa
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