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Forex Trading Strategy: South African Rand

Currency trading with the South African randThe South African rand is considered a commodity currency. When formulating forex trading for the South African rand, it is important to consider the importance of gold. And right now, forex trading, forex trading South African rand, currency trading, currency trading South African rand, gold mines South Africa, South Africa power outages" target="_blank" href="http://africa.reuters.com/business/news/usnBAN124689.html">gold mines in South Africa are not producing very much gold due to power outages. These gold mine outages are affecting currency trading, causing the South African rand to drop. forex trading, forex trading South African rand, currency trading, currency trading South African rand, gold mines South Africa, South Africa power outages" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aku9sRQfnyig&refer=currency">Bloomberg reports on the situation with the South African rand:
“The currency is the share price of a country,” said George Glynos, managing director of Johannesburg-based Econometrix Treasury Management, which advises investors on bond and foreign-exchange holdings. “If anyone wants to know what foreigners are thinking about South Africa at the moment, they need look no further than the rand.”
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