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View Full Version : Nigeria, Kenya Buck Global Rate Trend to Help Rescue Currencies - Bloomberg



NewsWhore
10-11-2011, 07:10 PM
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Nigeria, Kenya Buck Global Rate Trend to Help Rescue Currencies (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFoTumGJmjIDl6MiUuaO8CAhZAN8g&url=http://www.bloomberg.com/news/2011-10-11/nigeria-kenya-buck-global-rate-trend-to-help-rescue-currencies.html)
Bloomberg
The currency surged as much as 4.6 percent the day after the rate announcement. The worst drought in 60 years in East Africa fueled inflation in Kenya and Uganda, driving investors to abandon the currencies just as risk aversion globally picked up, ...

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