Monday 8 April 2013

ZAR appreciated strongly

 Trade report 08/04/2013

“The industry does not like mineworkers, they want to exploit you to make more money,” said ANC secretary-general Gwede Mantashe said on Sunday. He was speaking at a political lecture at the Ben Marais hall in Rusternburg about the problems in the mining industry. 


United States Treasury Secretary, Jacob J Lew began his first official visit to Europe with a four-city tour in which he is expected to try and convince European finance ministers to cut down on austerity measures and to pursue growth to improve the economic fortunes of Europe. 


The ZAR appreciated strongly through the latter half of last week after the Bank of Japan confirmed that the country is ready to do what is necessary to ensure that their economy is well supported. The USD-ZAR is expected to trade between 9.05 – 9.1500 today.


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