Thursday, May 24, 2007

Rand softer partly on poor EM sentiment

(Reuters) - South Africa's rand softened as much as one percent against the dollar on Thursday after unexpectedly strong U.S. home sales figures lent the greenback strength.

The rand was at 7.15 to the dollar at 1540 GMT, after falling 1.06 percent to 7.1495 earlier, compared to 7.0750 at New York's close on Wednesday.


Read more at Reuters Africa

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