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View Full Version : Rand Is Little Changed Before Central Bank Decides on Rates - Bloomberg



NewsWhore
05-28-2009, 06:51 AM
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Rand Is Little Changed Before Central Bank Decides on Rates (http://news.google.com/news/url?sa=T&ct=us/6-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaeMF1XoqhNNU%26refer%3Dafrica&cid=1250488464&ei=OmEeSrHlBom2NaP65fgN&usg=AFQjCNEKNiv_GQDumHbRjKcEYBG5AIE4xQ)
Bloomberg
“A rate cut of 100-basis points is being discounted by the currency, which is why its coming off yesterday&#39;s highs,” said John Cairns, head of foreign-exchange research at Rand Merchant Bank in Johannesburg. “The risk for the currency is the central ...


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