South African Rand Soars To 6-day High Against US Dollar
August 17 2010 - 7:02AM
RTTF2
The South African rand appreciated almost 1.9 percent to reach a
6-day high of 7.2085 against the US dollar around 7:45 am ET
Tuesday from Monday's 2-week low of 7.3475.
On the upside, the rand may find resistance around the 7.20
level. The dollar-rand pair that closed yesterday's deals at 7.2712
is presently quoted at 7.2589.
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