14-08-2015 18:31 via news.yahoo.com

S.Africa's rand halts losses, still vulnerable against dollar

By 1530 GMT the rand edged 0.05 percent firmer to 12.8005 per dollar, soothed by signs that China's central bank had ceased pushing its currency lower to revive its slowing economy. The rand shed close to 2 percent this week, edging nearer to the 13.00 psychological mark against the dollar, as it consistently failed to hold breaks below 12.80. "Technical barriers around the psychological 13 rand per dollar mark will continue to be tested in the run-up to an expected start of U.S. monet
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