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Rand firms as South Africa exits recession
The South African rand firmed on Tuesday after the country exited its first recession. A better-than-forecast gross domestic product figure for the third quarter, after three consecutive quarters of decline, meant that the country’s monetary loosening cycle was over. The rand edged up 0.1 per cent to R7.4583 against the dollar.
Submitted by
etfguy
11/24/2009
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11/24/2009
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