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Rand weaker at noon
business.iafrica.com
[iAfrica.com] - The downward move of the rand is a reasonable move considering tensions going on locally‚” said Tim Bryson‚ currency trader at Rand Merchant Bank. “We have been close to R8.50 in the last few months‚ but we have retraced every time. The decision from
Rand weaker‚ awaits Bernanke
business.iafrica.com
[iAfrica.com] - The rand has weakened steadily over the last week. Markets are on hold until Federal Reserve Chairman Ben Bernanke's speech tomorrow‚” said Tim Bryson‚ currency trader at Rand Merchant Bank. At 4.07pm‚ the rand was bid at R to the dollar from
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