Tuesday, May 1, 2007

South African Currency Uncertain On Tuesday, Tuesday, May 01, 2007 9:43:50 AM

The South African currency was mixed against its American and European counterparts on Tuesday. The rand moved with little economic news from the area.

The South African rand was choppy against its American counterpart on Tuesday. By the mid-morning, the rand had moved between a high of 7.0003 and a low of 7.0672. In general, the currency is near weekly high.

Against the euro, the South African currency saw mixed direction in trading. As action moved into Tuesday`s mid-morning, the rand bounced between a high of 9.5633 and a low of 9.6402. On the whole, the currency is within the range of the past two months.
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