The South Africa Maintains Investment Grade, USD/ZAR Decreases

The South African rand increased more than 3% in contrast to the US dollar today as Standard & insolvent’s preserved the nation’s credit rating at a venture grade. The horrible employment report from the US also assisted the rand to profit on the greenback. The S&P preserved South Africa’s dominant rating at BBB-, although with negative display. Before the news, majority of the economists had been worried that the department…

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