Manual may stay : Rand improves

No it didn't improve.

Update:

Manuel reports confuse markets
23/09/2008 15:34 - (SA)

Johannesburg - The resignation of Finance Minister Trevor Manuel has caused confusion and volatility in the country's markets, T-Sec economist Mike Schussler said on Tuesday.

"He resigns and then in the next hour he says he may be prepared to stay on. He should have announced his situation upfront - now people in the market are really confused."

As a consequence, there had been tremendous pressure on the rand, he said.

"It bounced back but now it's gone backwards again."

At 14:33 the local currency was trading at 8.14 to the US dollar, Schussler said.

He added that the resignation and the subsequent announcement that Manuel may be prepared to stay on had scared both local and foreign investors.

"No one knows what the markets will do in the next few hours," Schussler said.
Click to expand...
From: http://www.news24.com/News24/South_Africa/TheEndofMbeki/0,,2-7-2457_2398393,00.html
 
Though I haven't seen the Rand bobbing around like a cork in a long time. Up down left right. :/
 
After breaking up in two, the Titanic also bobbed around like a cork at the water's surface, before sinking down into the depths of eternity.

Titanic = Rand ?
 
Skinner said:
After breaking up in two, the Titanic also bobbed around like a cork at the water's surface, before sinking down into the depths of eternity.

Titanic = Rand ?
Click to expand...

Very positive. :rolleyes:

Good thing corks don't sink they just go with the motion of the ocean, baby, yeah!
 
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