Rand slides versus dollar on risk aversion
The rand slid against the dollar in early trade today as risk aversion persisted and investors sought refuge in safe haven assets.
The rand slid slightly against the dollar -- settling in the R7,78 to R8 range -- in early trade on Monday, left behind by the risk-on rally sparked by hopes the euro zone is finally going to solve its problems following the Group of 20 meetings over the weekend.