Dollar Plunges To 9-day Low Against South African Rand
28 May 2010 - 5:40AM
RTTF2
Extending previous session downtrend, the US currency tumbled
further against the South African rand during New York afternoon
deals on Thursday. The greenback-rand pair that closed yesterday's
New York session at 7.7688, plunged to a 9-day low of 7.5350 by
about 1:45 pm ET. As of now, the pair is trading near 7.5625. The
dollar has been in a downward channel against the rand for the past
6 days.
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