Rand range bound in early trade

The rand was range bound against major currencies in opening trade on Wednesday‚ with a dearth of economic news to provide any direction either way.

With many market players already on vacation‚ trade is thin at the moment and likely to remain so until the new year‚ in the absence of any dramatic events.

At 8.30am‚ the rand was at R15.1719 against the dollar from a previous close of R15.1603.

Against the euro the rand was at R16.5908 from R16.6091 previously and at R22.5275 against the pound from R22.4757.

The euro was at $1.0935 from a previous close of $1.0957.

- TMG Digital/BDlive