Greenback Plummets To 9-day Low Against South African Rand
November 25 2009 - 2:04PM
RTTF2
Against its South African counterpart, the dollar traded lower
during New York deals on Wednesday. At about 12:50 pm ET, the pair
touched 7.3195, which may be compared to yesterday's closing value
of 7.4562. This set a 9-day low for the US currency. The dollar has
been in a downward channel against the rand for the past 5 days. On
the downside, the US currency may likely target the 7.29999 level
against the South African currency.
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