12 « August « 2008 « Investment Postcards from Cape Town

All eyes on the SA rand

By Prieur du Plessis, on August 12th, 2008 posted in: South Africa

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By Shaun le Roux

Last week was a volatile one for currency markets. With European Central Bank (ECB) Chairman Trichet adopting an unexpectedly dovish tone and expressing concerns over growth in the Eurozone, the euro lost substantial ground to the US dollar. On Friday the dollar recorded its best one-day advance against [...]

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