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View Full Version : South African Rand Rises to One-Month High on ECB Rate Outlook - Bloomberg



NewsWhore
07-03-2008, 04:20 PM
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South African Rand Rises to One-Month High on ECB Rate Outlook (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaJGcEDj0x7t8%26refer%3Dafrica&cid=0&ei=AzVtSNzSHJjK8ASjrsDXDg&usg=AFQjCNFGZ57JGFenUTyPKnYDQs9Jes1ZCw)
Bloomberg - 3 hours ago
In carry trades, investors borrow a currency at a low interest rate and convert the proceeds into one they can lend out for a higher return, ...


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