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View Full Version : Rand Drops as House Prices Fall, on China Stimulus-Plan Concern - Bloomberg



NewsWhore
03-05-2009, 07:00 AM
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Rand Drops as House Prices Fall, on China Stimulus-Plan 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%3DaL3FlAEg6TKQ%26refer%3Dafrica&cid=1311405516&ei=e7-vSZr5Jd-fmAfb0fHvAw&usg=AFQjCNHKF_0IBbCmCTIeY7xYEMddr0uS3Q)
Bloomberg
“We expect further weakness in the currency for the rest of this year.” The rand depreciated as much as 0.8 percent to 10.4608 per dollar and traded at 10.3948 as of 11:45 am Johannesburg, from 10.3772 yesterday. Against the euro it was little changed. ...


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