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Currency Exchange: The South African rand defies logic

June 2, 2008 · Filed Under International Investing · Comments 
“Can a currency really plummet in value, even while its central bank is raising interest rates? Yes, it can. In fact, it’s happening in South Africa right now.” — Sean Hyman by Sean Hyman Baltimore – (TFN): In the world of currency exchange, a currency tends to drop in value when its [...]

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