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The rand leaped more than 2% against the dollar on Friday after surprisingly weak US jobs data knocked the greenback sharply weaker, making a near-term breach of R6 to the dollar look possible.
Hedge fund investors injected $38.2bn in the asset class in the first quarter of 2004, a record inflow that beats last year's fourth quarter's $26.8bn, according to a Tremont TASS research report issued recently.
Nico Kelder reports that the currency weakened against the dollar and sterling but strengthened against the euro.
The rand was stronger against major currencies in late afternoon trade yesterday on the back of exporter dollar sales coupled with a stronger euro.
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