Tuesday, September 23, 2008

South Africa

South African Finance Minister Manuel resigned today. This was a bit of a surprise. In addition it seems that most of the Cabinet also resigned. The market initially took this very negative taking Usd/Zar up to 8.2000. Now it seems like a "Technicality" to allow the new President the ability to put his people into the posts. The market is currently trading at 8.0750.

Good Luck and Good Currency Trading



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