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View Full Version : Rand Gains for Second Day as Metals Rally on China Reserve Cut for Banks - Bloomberg



NewsWhore
02-20-2012, 05:10 AM
Rand Gains for Second Day as Metals Rally on China Reserve Cut for Banks (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHnCQPas17RYiSUPHbrpDkRD9DkLA&url=http://www.bloomberg.com/news/2012-02-20/rand-gains-for-second-day-as-metals-rally-on-china-reserve-cut-for-banks.html)
Bloomberg
South Africa's currency appreciated as much as 1 percent and traded 0.9 percent stronger at 7.6702 as of 8:43 am in Johannesburg. It gained 0.4 percent to 10.1389 against the euro. The proportion of cash that Chinese lenders must set aside will fall ...

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