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View Full Version : Rand Weakens After May PPI Falls Most on Record; Rates May Drop - Bloomberg



NewsWhore
06-25-2009, 07:00 AM
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Rand Weakens After May PPI Falls Most on Record; Rates May Drop (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da6PIizGa.igA&cid=1377814749&ei=1ltDSricMZH0NNvw4cIE&usg=AFQjCNEF6B9M9YwSpHp6w9GF8jQCRDwFFw)
Bloomberg
“The currency is coming off because the steep deflation in the PPI number points to the fact that the economy is contracting at a much faster pace than people originally thought,” said Luis Costa, an emerging-markets debt strategist in London at ...


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