JOHANNESBURG, April 12 (Reuters) – South Africa’s rand
rallied more than 1.5 percent against the dollar on Thursday, in
line with other high-yield currencies, as rekindled expectations
of further quantitative easing in the U.S. weighed on the
greenback.
The rand touched a session high of 7.8825 to the
dollar and was at 7.8970 by 1530 GMT compared to Wednesday’s
close at 8.0050.
(Reporting by Stella Mapenzauswa; Editing by Xola Potelwa)
© Thomson Reuters 2012 All rights reserved
