Reserve Bank speculation spooks rand

Pretoria : South Africa | Feb 11, 2012 at 12:01 AM PST

Source: Mail and Guardian

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The rand tumbled over 2% against the dollar on Friday after the South African Reserve Bank signaled there would be an important weekend announcement, sparking panic selling of the rand and spooking bond traders into pulling their prices. The rand fell 2.6% against the dollar to a nine-day low of 7.7803,... FULL ARTICLE AT Mail and Guardian

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