Amplats Workers End Wildcat Strike

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.

Click here to read the full Bloomberg report.