Money SA economy
The South African rand was steady in midday trade tracking the euro amid a weaker dollar, and ahead of the MPC's rate decision at 3pm.
At 11.42am the rand was bid at R7.36 to the dollar, R9.84 to the euro and R11.01 to the pound. The euro was bid at $1.3338 from $1.3327 previously.
A local trader said: "We saw some positive news out of Dubai, which helped steady the euro amid a softer dollar, while rumours of a Greek rescue package continue.
"From a rand perspective, we are tracking international markets ahead of the MPC announcement later today."
The Reserve Bank's Monetary Policy Committee releases it decision on interest rates at around 3pm. South Africa's repo rate is expected to remain unchanged at 7.0% when the decision is made on Thursday, according to a survey of leading economists by I-Net Bridge.
Dow Jones Newswires reported that in the European foreign exchanges, the euro steadied as the dollar fell back. At 09:10 GMT, it was quoted at $1.3346, up from $1.3314 in late
New York trade Wednesday, while the dollar fell to Y91.93 from Y92.31.
