JOHANNESBURG, June 29 (Reuters) – South Africa’s rand gained
1.8 percent against the dollar on Friday to its strongest level
in more than a week, tracking a firmer euro after European
leaders agreed to lower Italy and Spain’s borrowing costs.
The local currency touched a session high of 8.2495/dollar
and was at 8.2641 by 0927 GMT compared with Thursday’s close of
8.4010.
(Reporting by Stella Mapenzauswa)
© Thomson Reuters 2012 All rights reserved
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