Rand hits new high against dollar
South Africa’s rand
advanced to a new three year high against a broadly weaker dollar on
Tuesday and was also boosted by higher metal prices.
The rand was
trading at 6.6750 against the dollar at 10:10 GMT, one percent firmer
than Monday’s New York close of 6.7415. It touched 6.6725, its
strongest since Dec 2007.
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