Rand slides against dollar in early trade
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.
The rand remained soft against the dollar in midday trade on Monday, as foreign investors turned risk averse and sold high-yielding currencies such as the rand.