Markets
South Africa's rand steady against dollar
JOHANNESBURG : South Africa 's rand held steady against the dollar in early trade on Tuesday and dealers were expecti
JOHANNESBURG: South Africa's rand held steady against the dollar in early trade on Tuesday and dealers were expecting a stalemate between bulls and bears for the rest of the week.
The rand, which has tracked turmoil in global markets, is seen settling slightly this week as knee-jerk reactions subside and dealers wait for more clues on the global growth picture.
By 0617 GMT the rand was at 7.1945, mostly steady against the dollar and off a close of 7.2025 in New York.
An auction that closes at 0900 GMT is seen as weighing on the market as traders brace for the extra supply.
Copyright Reuters, 2011
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