Johannesburg – The rand remained
relatively weaker in late trade‚ in line with commodity-linked
currencies after weak preliminary Chinese PMI data.
At 16:06 local time the rand was
trading at R8.2928 to the dollar from its previous close of R8.2261.
It was trading at R10.3958 to the euro from its previous close of
R10.3048 and at R13.1506 against sterling from R13.0524 before.
The euro was bid at $1.2542 from
The flash HSBC Chinese PMI dropped to
47.8 in July‚ a nine-month low.
Meanwhile‚ the dollar remained under
selling pressure against the euro despite signs of a looming eurozone
The greenback was pinned lower after
the Federal Reserve signalled on Wednesday in the minutes of its
latest meeting that it was actively considering a new round of
quantitative easing to support the US economy.