NewsWhore
05-07-2008, 09:30 AM
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South African Rand Weakens as Oil Price Raises Deficit Concern (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DarOuxzcN_3Ak%26refer%3Dafrica&cid=0&ei=Ra8hSOL9C53w8ATypOWmAQ&usg=AFrqEzdpZFwPQVAskRTL-5fn8zSKP83HoQ)
Bloomberg - 23 minutes ago
``The higher the oil price, the worse it is for the rand because South Africa is a net importer of oil,'' said Shahin Vallee, an emerging-markets currency ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DarOuxzcN_3Ak%26refer%3Dafrica&cid=0&ei=Ra8hSOL9C53w8ATypOWmAQ&usg=AFrqEzdpZFwPQVAskRTL-5fn8zSKP83HoQ)
South African Rand Weakens as Oil Price Raises Deficit Concern (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DarOuxzcN_3Ak%26refer%3Dafrica&cid=0&ei=Ra8hSOL9C53w8ATypOWmAQ&usg=AFrqEzdpZFwPQVAskRTL-5fn8zSKP83HoQ)
Bloomberg - 23 minutes ago
``The higher the oil price, the worse it is for the rand because South Africa is a net importer of oil,'' said Shahin Vallee, an emerging-markets currency ...
More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DarOuxzcN_3Ak%26refer%3Dafrica&cid=0&ei=Ra8hSOL9C53w8ATypOWmAQ&usg=AFrqEzdpZFwPQVAskRTL-5fn8zSKP83HoQ)