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View Full Version : Rand May Erase 2009 Gain as Inflows Dry Up, Morgan Stanley Says - Bloomberg



NewsWhore
05-14-2009, 10:30 AM
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Rand May Erase 2009 Gain as Inflows Dry Up, Morgan Stanley Says (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Daj5m0qf4IqW8%26refer%3Dafrica&cid=1351828877&ei=Qi0MSsOZKZidkAWBmYH8Bg&usg=AFQjCNGdAOL5AG2mJFS9KvA894VfLib2oQ)
Bloomberg
South Africa&#39;s currency may weaken to 9.80 per dollar by year-end, a 12 percent decline from 8.6052 as of 2:59 pm in Johannesburg, according to the note. That&#39;s still stronger than the US bank&#39;s previous prediction of 10.80. The rand has strengthened ...


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