Greenback Recovers From Multi-day Low Against South African Rand
November 05 2009 - 1:12PM
RTTF2
The US currency tumbled to a 9-day low of 7.5549 against the
South African rand at about 7:30 am ET Thursday. Thereafter, the
pair reversed its direction and currently trading near 7.6117. At
yesterday's close, the dollar-rand pair was quoted at 7.6238. The
dollar has been in a downward channel against its South African
counterpart since November 02, 2009.
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