RANDWATCH
Rand gripped in ranges
Posted Thu, 18 Jun 2009

The rand continued to be range bound in noon trade on Thursday, despite a brief dip by way of a reaction to the announcement of the trade deficit figure at 11am.

SA's current account deficit in the first quarter of 2009 came in wider than market expectations.

At 11.45am the rand was bid at 8.1293 to the dollar from an overnight close of 8.0455 on Wednesday. It was bid at 11.3327 to the euro from a previous 11.2170 and at 13.2000 against sterling from 13.1660.

The euro was bid at $1.3941 from $1.3940 overnight.

Gold was quoted at $936.65/oz from $933.15/oz overnight.

I-Net Bridge