Greenback Rises To 11-day High Versus South African Rand
December 08 2009 - 2:07PM
RTTF2
After a slight slip in early European session, the US currency
surged up against the South African rand in New York deals on
Tuesday. The greenback-rand pair that closed Monday's New York
session at 7.4630, is now trading near an 11-day high of 7.5724.
The dollar has been in an upward channel against the rand for the
past 6 days. The next upside target level for the US currency is
seen at 7.6181.
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