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Rand rallies against dollar

Apr 12 2012 17:58 Reuters

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Johannesburg - The rand rallied more than 1.5% against the dollar on Thursday in line with other high-yield currencies, as rekindled expectations of further quantitative easing in the US weighed on the greenback.

The unit touched a session high of R7.8825 to the dollar, and was at R7.8970 by 15:30 GMT compared to Wednesday’s close at R8.0050.
rand  |  dollar  |  currencies
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