Wednesday, 11th June 2008 at 7:53 am
Rand continues to slide

The Rand continues to edge closer to the R8/$ mark. The local currencies demise in late trade yesterday was largely attributed to th US dollar gaining strength , weaker commodity prices and the downward turn in the JSE. The Rand had been hovering around the R7.94/$ mark most of the day but at 6pm yesterday; the rand was bid at R7.9599/$ from a previous close of R7.8795. It was bid at R12.3116/€ from a previous R12.3514 and at R15.5426/£ from R15.5563 before.

You can keep up to date with the latest rand rate by viewing the ‘Latest Rate’ graph on www.TheRandToday.com.

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