The South African rand is just another higher-yielding currency that suffers from the adverse impact of the European-sovereign debt crisis on currency markets.
Rand Fluctuates as Traders Uncertain About Global Growth
September 02nd, 2011 at 12:31
South African Rand
The South African rand fell today as uncertainty of Forex traders about ability of the global economy to maintain growth reduced demand for safer currencies. Yet currently the rand rebounded.
Rand Advances with Stocks & Metals
August 29th, 2011 at 9:56
South African Rand
The South African rand rallied today, rising to the highest level in more than a week against the US dollar, as stocks and metals advanced after the speech of Federal Reserve Chairman Ben S. Bernanke last week.
Rand Weakens on Prospect of Interest Rates Cut
August 22nd, 2011 at 10:44
South African Rand
The South African rand declined today on the speculation the central bank will decrease interest rates to support the nation’s economy that feel the negative impact of the global economic slowdown.
Rand Near Monthly High vs. USD on Rate Difference, US Uncertainty
July 26th, 2011 at 14:56
South African Rand
The South African rand rose to its highest level in more than two weeks against the US dollar today, as the rate difference attracted speculators, while they shunned uncertainty of the States.
Rand Weakened by Credit Rating Outlook for Greece
July 05th, 2011 at 11:48
South African Rand
The South African Rand fell today as the speculation that Standard & Poor’s may issue a default rating for Greece reduced attractiveness of riskier currencies.
Rand Weakens with Commodities on US Growth Forecast
June 23rd, 2011 at 10:47
South African Rand
The South African rand fell today for the second day as commodities weakened after the Federal Reserve slashed its US growth forecast.
South African Rand Falls on Greek Crisis, Trims Losses
June 20th, 2011 at 16:41
South African Rand
The South African rand dropped today as the disagreement of the European Union leaders about the bailout for Greece reduced appeal of riskier currencies, but erased most of its losses after the European politician assured that they will help Greece.
South African Rand Climbs vs. Dollar on Greece’s Bailout
June 02nd, 2011 at 14:04
South African Rand
The South African rand jumped today against the US dollar as Germany’s Chancellor Angela Merkel confirmed that the European Union is committed to support the stability of the euro.
Rand Advances vs. Dollar on Economic Growth
May 27th, 2011 at 10:58
South African Rand
The South African rand rose today against the US dollar as the nation’s economic recovery remains strong, while the US recovery is stalling.
