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Bloomberg reported that striking workers at two of Anglo American Platinum Ltd.’s (OTC Pink:AGPPY) operations returned to work today.
Bloomberg reported that striking workers at two of Anglo American Platinum Ltd.’s (OTC Pink:AGPPY) operations returned to work today.
As quoted in the market news:
‘It looks like the strike news is starting to lose its effect,’ Jim Bryson, head of foreign-exchange trading at Rand Merchant Bank, said by phone from Johannesburg. ‘The rand is strengthening in line with everything else. With Bernanke speaking tomorrow, the market is in wait-and-see mode.’
South Africa’s currency advanced 1.1 percent to 10.0513 per dollar as of 10:26 a.m. in Johannesburg. Yields on benchmark 10.5 percent bonds due December 2026 dropped nine basis points, or 0.09 percentage point, to 8.03 percent.