PDA

View Full Version : Rand Posts Biggest Weekly Drop in 2 Months as Recession Deepens - Bloomberg



NewsWhore
03-07-2009, 03:10 PM
<img alt="" height="1" width="1">
Rand Posts Biggest Weekly Drop in 2 Months as Recession Deepens (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Dajetvj0hNwao%26refer%3Dafrica&cid=0&ei=fNWySf-SMtSfmAfR-8H0BQ&usg=AFQjCNFx7ZdPPuNniUvk-fX5J_xTK9ndLA)
Bloomberg
“There’s been a slew of bad economic data that has pushed the rand into weaker territory,” said Nema Ramkhelawan, a currency strategist at Rand Merchant Bank in Johannesburg. “Negative sentiment in equity markets is fuelling risk aversion and that ...


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%3Dajetvj0hNwao%26refer%3Dafrica&cid=0&ei=fNWySf-SMtSfmAfR-8H0BQ&usg=AFQjCNFx7ZdPPuNniUvk-fX5J_xTK9ndLA)