Friday, October 3, 2008

Rand reaches 5 year lows against the US $

The Rand still at R8.50/$ today 03 October 2008 testing a fresh 5-and-a-half-year worst level against the Dollar on severe risk aversion amid worries about a US recession.

The JSE Securities Exchange South Africa (JSE) opened stronger on Friday, going against the trend of overseas markets which were trading lower watch rand heged stocks...