JOHANNESBURG – South Africa’s rand weakened in line with the euro against the dollar yesterday ahead of the outcome of the central bank’s two-day monetary policy meeting which is expected to hold rates steady.
The rand was trading at 6,6950/US$ at 0655 GMT, about 1.2 percent off its late Johannesburg levels. The 6,67/US$ level has been highlighted by some technical analysts as a key area and if its stays above there the rand could back towards the 6,80/US$ mark.-Nampa-ReutersThe 6,67/US$ level has been highlighted by some technical analysts as a key area and if its stays above there the rand could back towards the 6,80/US$ mark.-Nampa-Reuters
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