July 06th, 2009 at 20:19
South African Rand
The South African rand, which was the best performing currency in the first quarter among the 16 most traded currencies, thanks to a wave of risk appetite, fell for the third day in a row, as pessimism increases risk aversion, damping demand for high-yielding emergent markets currencies.
The South African rand had a third consecutive day of positive performances as the global economic conditions are evidently improving, adding attractiveness to emergent market currencies.
The South African currency climbed this week against the dollar, after the African National Congress, the winning party, is expected to maintain the current economic policies in the country.
July 31st, 2008 at 12:09
South African Rand
The rand of South Africa traded near its 6-month highest value against the U.S. dollar today before and after the report that showed acceleration in the producer price index last month.
July 18th, 2008 at 18:22
South African Rand
The South African currency headed for its fifth straight weekly growth against the U.S. dollar today as the traders speculated on the higher demand for the local currency from the carry trade participants.
The South African rand headed for the biggest weekly loss against the U.S. dollar in the last three months as the traders were concerned that the high interest rates will prevent country’s economy to rise at a fast pace.
April 07th, 2008 at 11:23
South African Rand
The South African rand grew today against the U.S. dollar (and the other world currencies too, because dollar is rising today) as the report showed an increase in the country’s foreign currency reserves in March.
March 12th, 2008 at 13:03
South African Rand
The South African rand gained against the U.S. dollar for the fourth day today as the stock markets throughout the world were stimulated by the Federal Reserve’s decision to pump about $200 billion into the global banking system.
February 11th, 2008 at 12:10
South African Rand
The strongest African economy may soon lose its position — at least so tells us its currency. South African rand appears to be one of the worst performing currency of 2008.
February 07th, 2008 at 11:35
South African Rand
Last month South African Reserve Bank bought less foreign currency reserves than in December 2007, as one of the ways to help the rand avoid further weakening.
