Money SA economy
The rand was trading slap bang in the middle of an extended range in the midday session on Friday, with eyes on the euro performance against the greenback.
At 11.40am the rand was bid at R7.68 to the dollar, R10.37 to the euro and R11.79 to the pound. The euro was bid at $1.3506 from $1.3466 previously.
A local currency trader said: "We are trading in a range of R7.53-R7.78 against the dollar.
"We tested R7.69 briefly, but came off that level pretty quickly, so there was some selling interest.
"At the moment we are in the middle of that range, and I would be surprised if we hit the bottom 60's against the dollar.
"We will keep an eye on euro/dollar movement," he said.
Dow Jones Newswires reports that the euro and other risk sensitive currencies were trading lower on the Fed move, as the dollar pushed higher.
