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S.Africa’s rand jumps to two-week high vs dollar

7 September 2012 By admin

JOHANNESBURG, Sept 6 (Reuters) – The rand gained 1.6 percent
against the dollar on Thursday after a highly anticipated
European Central Bank policy meeting failed to deliver enough
details on plans to end the euro crisis, pushing investors who
had shorted the rand back to the unit.

The rand broke 8.32 resistance, moving to 8.2805 by
1440 GMT, its firmest level in nearly two weeks.

(Reporting by Xola Potelwa; Editing by Ed Cropley)

© Thomson Reuters 2012 All rights reserved





Previous: Cash crunch forces Zimbabwe to seek regional aid
Next: UPDATE 4-Militant S.Africa union snubs Lonmin "peace deal"





Filed Under: South Africa Tagged With: news, reuters, south africa

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