South Africa's rand eases after US rate hike, stocks rise
JOHANNESBURG (Reuters) – South Africa's currency weakened on Thursday after the United States central bank raised its key lending rate, while Moody's decision to change its outlook on Pretoria's credit rating to negative also pressured local assets.
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South African Rand Rebounds as Zuma Backtracks
Tito Titus Mboweni, chairman at Accelerate Property Fund, discusses political turmoil in South Africa and its impact on markets. He speaks with Guy Johnson and Jonathan Ferro on Bloomberg Television's “On The Move.” (Source: Bloomberg) …
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Exchange Rate Summary for the South African Rand (ZAR), Japanese Yen (JPY) and …
Although the South African Rand exchange rate strengthened in the early stages on Thursday, gains were short-lived amid ongoing concerns regarding President Zuma's ability to rule successfully. The Federal Reserve rate hike has added more downwards …
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