South African Rand Recovers From 4-day Low Against Dollar
August 25 2009 - 10:23AM
RTTF2
The South African rand reversed direction against the US dollar
after hitting a 4-day low of 7.9476 at 1:40 am ET Tuesday. As of
now, the dollar-rand pair is worth 7.8383 and this may be compared
to yesterday's close of 7.790. On the upside, 7.735 is seen as the
next target level for the South African currency.
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