Money SA economy
The South African rand had slipped back to its overnight levels against a marginally firmer greenback by the afternoon session on Friday.
A local trader noted some profited taking on euro/rand, adding however, that volumes remain thin. At 3.32pm local time the rand was bid at R7.28 to the dollar, R9.32 to the euro and R11.33 to the pound. The euro was bid at $1.2809 from $1.2828 overnight.
A local dealer said: "We are generally seeing a stronger dollar, albeit slightly, across the board. However, volumes remain thin."
Dow Jones Newswires reports that the dollar and euro held to narrow ranges Friday, with the common currency paring some earlier losses after key US inflation and retail sales data came in as expected.
The euro had fallen to a three-week low against the dollar in European trading as concerns about slowing economic growth reduced demand for riskier assets. Currencies fluctuated in the knee-jerk reaction to the data but weren't much changed from pre-data levels, with the euro edging up slightly.
US consumer prices rose in July for the first time in four months on the back of energy prices.
