08.08.11

South African Rand hits 4.5 month low vs Sterling

Commodity currencies such as the South African Rand , Aussie and Kiwi dollars have seen aggreisive selling in financial markets Monday as concern the global economy is slowing, sapping demaind for higher yielding assets. GBP/ZAR hit a month high on the tnter-bank market at 11.52.

Categories: commodities, currency, sterling.