Rand, bonds weaken ahead of MPC-continued

March 27, 2012--Government bonds weakened for the first time in three days and the rand reversed earlier gains against the dollar on Tuesday, although the currency’s carry trade appeal could boost it in the short term.
The rand earlier rallied to R7.5484 to the greenback, its firmest level since March 20, but retreated to R7.5980 in early evening trade, weakening 0.21% from Monday’s close at R7.5820.

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Source: FIN24

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