The South African rand kept its gains today after the South African Reserve Bank left its main interest rate unchanged at yesterday’s monetary policy meeting to support recovery of the nation’s economy.(…)Read the rest of South African Central Bank Keeps Rates Steady, Rand Maintains Gains (115 words) Posted on Forex News. Read More South African Central Bank Keeps Rates Steady, 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.(…)Read the rest of South African Rand Higher on Good News from USA (72 words) Posted on Forex News. Read More South African Rand Higher on Good News from USA
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.(…)Read the rest of Rand Falls as Investors Shun South African Bonds (54 words) Posted on Forex News. Read More Rand Falls as Investors Shun South African Bonds
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.(…)Read the rest of South African Rand Falls on Greek Crisis, Trims Losses (51 words) Posted on Forex News. Read More South African Rand Falls on [...]
The South African rand gained today, rising for the third straight day against the US dollar, as commodities rallied and market participants expect an increase of the interest rates.(…)Read the rest of South African Rand Rises for Third Day vs. Dollar (81 words) Posted on Forex News. Read More South African Rand Rises for Third Day vs Dollar
The South African rand dropped today as the tensions in Egypt threaten to fuel unrest in other countries of the region, causing uncertainty and risk aversion sentiment.(…)Read the rest of South African Rand Drops on Civil Unrest in Egypt (81 words) Posted on Forex News. Read More South African Rand Drops on Civil Unrest in Egypt
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After a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb as commodities rebounded.(…)Read the rest of South African Rand Climbs on Commodities Rebound (74 words) Posted on Forex News. Read More South African Rand Climbs on Commodities Rebound
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