Wednesday, 06 September 2006 02:00

Further weakening of the rand is expected

 

Expect the rand to remain relatively weaker in the near term on the back of increased possibility that the current account deficit to the GDP could continued to widen in Q2:06 (data will be released on September 21st). These concerns saw the rand depreciating to a seven-week low against the dollar last week on record trade deficits for July.

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