Wednesday, June 27, 2007

Rand holds firm while stocks, bonds slip

(Reuters) - South Africa's rand held firm on Wednesday, despite faltering metals prices and equities falling as investors spurned risky assets, but bonds continued to slide.

The local currency was trading at 7.1780 to the dollar at 1515 GMT, 0.22 percent stronger than its previous New York close and well off a session low of 7.2325, touched in early trade. It was little changed against the euro, at around 9.62.


Read more at Reuters Africa

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