26 Sep 2011South Africa's rand wiped out its earlier losses and briefly turned firmer against the dollar in volatile trade on Monday while government bonds also rose, but underlying weakness remains over concerns about euro zone debt.
The rand , which earlier fell as much as 2.8 percent to a session low of 8.3470 to the dollar, briefly rallied to around 8.1135 as hedge funds sold dollars to take some profits.
http://www.iol.co.za/business/markets/currencies/rand-briefly-turns-firmer-1.1144837
