27 Mar 2012Johannesburg - The rand and bonds firmed on Monday against the dollar on the back of Federal Reserve Chairman Ben Bernanke’s dovish comments, triggering a large sell-off from the greenback against most emerging market currencies.
Bernanke’s warning that the US economy needed to grow faster to get the unemployment rate down boosted hopes early in the session that the bank could yet conduct another round of quantitative easing.
http://www.fin24.com/Markets/Currencies/Rand-gets-boost-from-Bernanke-comments-20120326
