Currency Note Worldwide

Strength for the South African rand as the New Zealand dollar’s worries continue

By Ricky Bean July 30th, 2015

Unemployment rates in South Africa were released on Wednesday, beating expectations with a more positive outcome – strengthening the Rand.

In New Zealand, on the other hand, there has been continued volatility – due to the comments made by Reserve Bank of New Zealand member Wheeler, who stated that further dollar weakness was necessary, but the economy was not weak enough to warrant large interest rate cuts.

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