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Tuesday, November 6, 2012

Rand stuck in range until after Greek, US votes

JOHANNESBURG (Reuters) - South Africa's rand steadied against the dollar in early Tuesday trade, with investors unwilling to take strong positions until after the U.S. election and a Greek vote that will determine whether it receives more bailout assistance. The outlook for the euro zone, South Africa's biggest trading bloc, was uncertain because of the pending Greek parliamentary vote to approve or reject austerity measures that would unlock aid from the IMF and EU. The rand was at 8.7363 to the dollar at 0648 GMT, not far off its 8.7284 close in New York on Monday. ...

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