Wednesday, 20 June 2007

Rand slips, bonds weaken as market eyes c/act

(Reuters) - South Africa's rand slipped off a 3-1/2 week high against the dollar on Wednesday but kept to a tight range, while bonds weakened on a rise in U.S. Treasury yields.

The local currency was at 7.0980 against the greenback at 1518 GMT, 0.4 percent weaker than its previous New York close of 7.07 after touching a session high of 7.0675 to the dollar.


Read more at Reuters Africa

No comments: