Rand feels eurozone pressure

JOHANNESBURG – The rand opened softer against the dollar yesterday after the currency of its main trading partner, Europe, fell due to more worries about Spain’s debt situation and German business data raised fears of slowing growth.  

Report by Reuters
The rand was 0,32% weaker at R8,2670 against the dollar from New York’s Monday close of R8,24.

 
Lower trading volumes were expected yesterday after a national public holiday in South Africa.

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