South African Rand Down as Greenback Appeal Rises
The South African rand continued a decline that set it to the lowest rate in almost two months as a greenback rebound is decreasing attractiveness for
The dollar’s losing trend that was predominant during most of this year’s quarters favored traders chasing
Currently, as the dollar grows and interest rate talks emerge, currencies like the rand are losing appeal, and today’s movement following a downtrend predominant during the last weeks are likely to continue as investors shift their portfolio priorities.
USD/ZAR traded at 7.6605 as of 17:20 from an opening rate of 7.5643.
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 Remains Bullish on Dubai Optimism (2009-12-15)
- South African Rand Down on Commodities, Dubai Debt (2009-11-27)
- Rand Advances as Recession Officially Ends (2009-11-24)
- South African Rand Down on Rally Concerns (2009-11-20)
- Gold Hits Record High Pushing South African Rand Up (2009-11-09)
