Greenback Stays Near Multi-week Low Versus South African Rand
09 March 2010 - 7:33AM
RTTF2
The dollar, which closed last week's New York session at 7.4078
against the South African rand, plunged to a new multi-week low of
7.3575 in early New York morning trading on Monday. Thereafter, the
pair traded sideways and currently trading near 7.3792. The dollar
has been in a downward channel against its South African
counterpart since February 24, 2010.
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