{"id":10054,"date":"2012-04-19T04:20:58","date_gmt":"2012-04-19T02:20:58","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-weakens-tracks-euro-on-a-bumpy-path\/"},"modified":"2012-04-19T04:20:58","modified_gmt":"2012-04-19T02:20:58","slug":"s-africas-rand-weakens-tracks-euro-on-a-bumpy-path","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-weakens-tracks-euro-on-a-bumpy-path\/","title":{"rendered":"S.Africa&#8217;s rand weakens, tracks euro on a bumpy path"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Inflation at 6.0 pct, as expected<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Retails sales boom surprises<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 18 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened against the dollar on Wednesday in choppy trade that<br \/>\ntracked the euro, which fell for a second straight session as<br \/>\neuro zone debt worries mounted.<\/p>\n<p><span><\/span><\/p>\n<p>Positive economic data showing a jump in retail sales and<br \/>\ninflation falling to within the Reserve Bank&#8217;s target range did<br \/>\nlittle to support the currency, which has been overshadowed by<br \/>\ndevelopments in its major trading partner.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.28 percent weaker against the U.S<br \/>\ndollar at 1655 GMT, trading at 7.8067 from New York&#8217;s Tuesday &#8216;s<br \/>\nclose of 7.785.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We kind of exaggerated the down move yesterday,&#8221; said Jim<br \/>\nBryson, a trader at Rand Merchant Bank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There is extremely volatile trading within ranges, but we<br \/>\nare certainly not breaking out of ranges,&#8221; added Bryson.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s headline inflation slowed in March to within<br \/>\nthe central bank&#8217;s target range for the first time in four<br \/>\nmonths, suggesting inflation may undercut the bank&#8217;s forecasts<br \/>\nand ease pressure for action in the form of an interest rate<br \/>\nrise.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Inflation at 6.0 pct, as expected * Retails sales boom surprises By Vuyani Ndaba JOHANNESBURG, April 18 (Reuters) &#8211; South Africa&#8217;s rand weakened against the dollar on Wednesday in choppy trade that tracked the euro, which fell for a second straight session as euro zone debt worries mounted. Positive economic data showing a jump [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10054","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10054"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}