Day: July 18, 2008

Rand Goes for a Fifth Weekly Gain

The South African currency headed for its fifth straight weekly growth against the U.S. dollar today as the traders speculated on the higher demand for the local currency from the carry trade participants. The rand went up to its highest level against the U.S. currency during the last 6 weeks yesterday as the problems in the U.S. mortgage market proved to be more serious […]