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View Full Version : Rand Gains Most in a Month as Markets Rally on US Jobs Data - Bloomberg



NewsWhore
08-03-2012, 11:30 AM
Rand Gains Most in a Month as Markets Rally on US Jobs Data (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGMQ1SyJ08PKEG9Ck1mruvRT36vpw&url=http://www.bloomberg.com/news/2012-08-03/rand-gains-as-ecb-bond-purchase-speculation-spurs-risk-appetite.html)
Bloomberg
South Africa's currency strengthened as much as 2.3 percent, the most since June 29. It traded 2.1 percent ... The rand and the euro often trade in tandem, with a statistical correlation of 0.7, according to data compiled by Bloomberg. A value of 1 ...

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