30 Mar 2012Johannesburg - The rand remained softer against the dollar in late afternoon trade on Thursday as the Monetary Policy Committee (MPC) of the SA Reserve Bank (Sarb) delivered its decision to keep the repo rate unchanged.
The local currency was also tracking a euro that had been weakened by mixed eurozone data and comments from the OECD.
"The MPC decision was a non-event," Anton Grobbelaar, managing director of Peritus Forex Solutions said.
"Rand softness is being driven by the weakness of the euro and today's trade has been all about the strength of the dollar," he added.
http://www.fin24.com/Markets/Equities/Rand-remains-softer-after-MPC-decision-20120329
