Peso, Rand and Lira out of favour as US rate rise looms
Posted on June 9, 2015 at 11:45 am GMTSouth African Rand expected to weaken further in 2015 The South African rand has been steadily weakening against the US dollar since the second half of 2011 as economic growth has fallen below the African average after the 2008 recession. The rand has fallen to around 12.5 rand per dollar in June, its weakest level this year. Despite a rebound in mining output in the first quarter of 2015, the South African economy has been plagued by power shortages, which [..]