The South African rand dropped today, heading to the worst week in more than two months, as the European debt crisis continues to produce a downward pressure on the riskier currencies.
SA Rand Rebounds on Outlook for Interest Rates
November 22nd, 2011 at 11:24
South African Rand , Carry Trade
The South African rand rebounded today after yesterday’s decline on the speculation the central bank will keep its interest rates unchanged, continuing to draw foreign investors.
South African Rand Higher on Good News from USA
November 18th, 2011 at 16:38
South African Rand
The South African rand went higher today for the first time this week as the good fundamentals and the outlook for the USA overshadowed the European crisis.
South African Rand Falls as Europe Hurts Market Sentiment
November 15th, 2011 at 17:17
South African Rand
The South African rand declined today as worries about the European crisis and its impact on the global economy deepened, reducing demand for higher-yielding currencies among investors.
Rand Goes Lower as Moody Changes Outlook to Negative
November 09th, 2011 at 13:34
South African Rand
The South African Rand slipped today as Moody’s Investor Service set the credit rating of South Africa to negative, reducing appeal of the nation’s currency.
Rand Jumps After ECB Cut Rates
November 03rd, 2011 at 15:50
South African Rand , Carry Trade
The South African rand climbed today after the European Central Bank made an unexpected move by reducing its main interest rate.
Rand Jumps on Positive News from Europe
October 27th, 2011 at 14:06
South African Rand
It looks like the European leaders have reached consensus about some questions they were discussing during their meetings. The signs of progress in resolving Europe’s crisis were welcomed by traders and riskier currencies, including the South African rand, gained.
Fears About Europe Again Hit Forex Again, Rand Feels Impact
October 11th, 2011 at 14:55
South African Rand
The South African rand dropped today as the concerns about the sovereign-debt crisis in Europe reminded about itself by dissipating risk appetite among Forex traders.
Rand Falls as Investors Shun South African Bonds
September 16th, 2011 at 13:20
South African Rand
The South African rand dropped today as the optimism about the European banking system quickly waned, spurring investors to draw money out of riskier assets.
Rand Rebounds on ECB Efforts
September 15th, 2011 at 17:10
South African Rand
The South African rand strengthened today as the European Central Bank announced it’s planning to lend dollar to the European bank in an effort to support the European banking system and to boost liquidity.