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Softer...

29 September 2004 Angelo Coppola

The rand was softer yesterday after lower-than-expected consumer inflation data raised the prospect of another interest rate cut that may take some shine off the currency's high-yield appeal.

RMB AM and BusinessDay report that in the afternoon the rand was trading at R6,45 to the dollar, about 4c weaker on the day, and could prod softer levels today.

Against the dollar, the euro was trading at $1,2311, down about 0,1% on the day. Sterling was trading down 0,9% at $1,7975.

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