PDA

View Full Version : South Africa's Rand Advances as Rate Outlook Spurs Carry Trade - Bloomberg



NewsWhore
07-02-2008, 10:20 AM
<img alt="" height="1" width="1">
South Africa&#39;s Rand Advances as Rate Outlook Spurs Carry Trade (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaKf8ASyNp.ts%26refer%3Dafrica&cid=0&ei=FY9rSKzREYfu_AG2ibGuCg&usg=AFQjCNHyX6TB7ZJ27CrTtG0XNNHufmOoAw)
Bloomberg - 28 minutes ago
A short position is a bet a currency will weaken. The rand gained as much as 0.8 percent to 7.8240 per dollar, and was at 7.8386 by 1:47 pm in Johannesburg, ...


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%3DaKf8ASyNp.ts%26refer%3Dafrica&cid=0&ei=FY9rSKzREYfu_AG2ibGuCg&usg=AFQjCNHyX6TB7ZJ27CrTtG0XNNHufmOoAw)