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View Full Version : Rand Drops for Second Week on Retail Sales, Recession Concerns - Bloomberg



NewsWhore
02-21-2009, 11:20 AM
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Rand Drops for Second Week on Retail Sales, Recession Concerns (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaCUFKADXOMPM%26refer%3Dafrica&cid=1306561624&ei=LyqgSaGWBp6pmQe0udzLDA&usg=AFQjCNGDvx6SO4OypIB635KTAmlpSO7iCA)
Bloomberg
“If growth is slower than expected it would have negative consequences for the rand,” said Jon Harrison, an emerging- markets currency strategist at Dresdner Kleinwort in London. “The rand is a high-beta, emerging-market currency and is likely to ...


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