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South African Rand Declines to Six-Year Low on Credit Turmoil

The carry trade is gradually coming to an end: South Africa's rand fell to the lowest in almost six years against the U.S. dollar as investors abroa[...] read more »
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Rand Jumps on Positive News from Europe

It looks like the European leaders have reached consensus about some questions they were discussing during their meetings. The signs of progress in r[...] read more »
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China’s Manufacturing Bolsters Rand

China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies. read more »
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Carry Trade Makes South Africa’s Rand Stronger

The South African rand strengthened today against the US dollar on the speculation that the carry trade would persist, increasing the capital inflows[...] read more »
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Rand Goes Down as 1.3 Million Government Workers Go to Strike

The South African rand fell today after a week of gains versus the US dollar as the nation’s economy may deteriorate after as much as 1.3 million gov[...] read more »
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South Africa’s Rand Gains for Fourth Day on High Interest Rates

The South African rand climbed today, posting the fourth straight day of gains, to the highest level in three years versus the US dollar as the inves[...] read more »
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Rand Drops for Fourth Day on Weaker Commodities & Strong Dollar

The South African rand extended its decline versus the US dollar today as the favorable US economic reports strengthened the dollar, while the slump [...] read more »
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South African Gold Reserves are 95% Exhausted, Scientists Find

A recent survey by scientists find gold mining reserves are lower than we thought. read more »
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Rand Weakened by Unfavorable Jobs Data & Declining Gold

The South African rand fell today against the U.S. dollar on the outlook for the unfavorable jobless rate to remain without much improvement and as t[...] read more »
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Rand Advances vs. Dollar on Economic Growth

The South African rand rose today against the US dollar as the nation’s economic recovery remains strong, while the US recovery is stalling. read more »
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Rand Goes Lower as Moody Changes Outlook to Negative

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 c[...] read more »
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South Africa Intervenes to Weaken Overvalued Rand

The South African rand fell today as the central bank bought the foreign currencies in order to battle the excessive appreciation, which may hurt the[...] read more »
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Rand Strengthens as Gold Reaches Record

The South African rand reached the highest level in more than three months against the US dollar today as central said that restraining the capital i[...] read more »
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Rand slows in trading against the Dollar

Forex accounts have seen slight losses due to the European turmoil, but forex brokers in South Africa do not expect this to have lasting effects. So[...] read more »
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Gold Jumps Above $1,500, Helping South Africa’s Rand

The South African rand climbed today as gold continue to post new records and on speculation that the central bank will increase the interest rates. read more »
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