Monday, 23 July 2007

Rand hits 11-month high, could test 6.78/dollar

(Reuters) - South Africa's rand hit an 11 month high against the dollar on Monday and is likely hold its gains in the session as the greenback remains under pressure.

The rand was trading at 6.83 to the dollar at 0645 GMT, about 0.9 percent firmer than its New York close of 6.8925 on Friday.


Read more at Reuters Africa

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