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View Full Version : Rand Weakens Versus Euro on Speculation ECB Rate Rise May Cut Carry Trade - Bloomberg



NewsWhore
04-04-2011, 04:40 AM
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Rand Weakens Versus Euro on Speculation ECB Rate Rise May Cut Carry Trade (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHUn0LjMGn6GsllTT421OSUwGOL8g&url=http://www.bloomberg.com/news/2011-04-04/rand-weakens-versus-euro-on-speculation-ecb-rate-rise-may-cut-carry-trade.html)
Bloomberg
South Africa&#39;s currency declined as much as 0.3 percent to 9.5656 per euro, and traded 0.2 percent weaker at 9.5572 per euro as of 9:25 am in Johannesburg. It slipped 0.3 percent to 6.7175 per dollar. The ECB will raise its reference rate to 1.25 ...

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