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Eurozone woes knock rand - again

Jan 04 2012 18:08
Johannesburg - The rand snapped a four-day winning streak on Wednesday to fall 1.6% against the dollar, tracking a weaker euro as concerns about the eurozone debt crisis persist.

The rand fell to R8.1870/$ on the day against the greenback, its weakest level since December 29.

Government bonds followed the weaker currency in an illiquid market. Yields on the benchmark 2015 bonds were up 11 basis points to 6.85% and on the 2026 issues yields climbed 13.5 basis points to 8.635%.

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