Rand Pare Losses on Rates Speculations
The South African rand erased losses from the beginning of the way today on speculations that interest rates in country will not be cut, raising attractiveness for the
The South African currency lost only to the Romanian leu today among currencies that gained versus the U.S. dollar, as speculations indicate that interest rates in the country will not be cut further, and inflation figures in the country remain low, making the rand one of the highest yielding currencies available in
USD/ZAR traded at 7.3775 as of 22:39 GMT from an opening rate of 7.4663.
If you want to comment on the South African rand’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the South African Rand:
- South African Rand Down on Merging Speculations (2009-07-25)
- South African Rand Climbs on Corporative Fusion Speculations (2009-07-23)
- South African Rand Climbs as World Cup Strike Ends (2009-07-15)
- South African Rand Continues Fall on Recession Pessimism (2009-07-06)
- South African Rand Post Gains as Emergent Markets Attractiveness Rise (2009-06-12)