Tag Archives: exotic currencies

South African Rand minimizes losses as risk appetite boosts commodities

The South African Rand is strengthening against the US dollar during the European session this Tuesday, clawing back some losses from yesterday’s sharp decline. The commodity-linked currency has been hammered recently due to labour unrest in the country’s mining sector as striking miners paralyzed most of the industry. Metals and other commodities  are a major source of income for South...

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October 16, 2012 @ 8:07 am

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South African Rand minimizes losses as risk appetite boosts commodities

The South African Rand is strengthening against the US dollar during the European session this Tuesday, clawing back some losses from yesterday’s sharp decline. The commodity-linked currency has been hammered recently due to labour unrest in the country’s mining sector as striking miners paralyzed most of the industry. Metals and other commodities  are a major source of income for South...

Continue reading...

October 16, 2012 @ 8:07 am

1 Comment