South African Rand Pulls Back Against Greenback
16 September 2009 - 12:53PM
RTTF2
The South African rand pulled back against the greenback after
rising to a new multi-month high of 7.3365 during Wednesday's early
Asian trading. The rand hit as low as 7.4099 against the buck by
1:20 am ET, compared to 7.3650 hit late Tuesday in New York. If the
South African currency drops further, 7.541 is seen as the next
likely target level.
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