{"id":10248,"date":"2012-04-25T04:30:09","date_gmt":"2012-04-25T02:30:09","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-touches-3-week-highs-bonds-edge-up\/"},"modified":"2012-04-25T04:30:09","modified_gmt":"2012-04-25T02:30:09","slug":"s-africas-rand-touches-3-week-highs-bonds-edge-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-touches-3-week-highs-bonds-edge-up\/","title":{"rendered":"S.Africa&#8217;s rand touches 3-week highs, bonds edge up"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand among strongest EM currencies on the day<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds largely flat after last week&#8217;s rally<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 24<\/span> (Reuters) &#8211; The rand touched its<br \/>\nhighest in almost three weeks against the dollar on Tuesday and<br \/>\nwas among the strongest-performing emerging currencies but<br \/>\ngovernment bonds edged up only slightly as some of the recent<br \/>\nbuoyant demand for local debt tapered off.<\/p>\n<p><span><\/span><\/p>\n<p>The rand hit a session high of 7.7680 to the<br \/>\ngreenback, its firmest level since April 4, and was up 0.6<br \/>\npercent at 7.7927 by 1543 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The euro helped it a bit firmer. It&#8217;s been quite buoyant<br \/>\ntoday, and it helped the rand test support levels to the<br \/>\ndownside,&#8221; RMB trader Ian Martin said.<\/p>\n<p><span><\/span><\/p>\n<p>Having breached a key technical line on the chart at 7.82,<br \/>\nthe rand could now target 7.77 to the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If we manage to close below 7.77 today, we should start<br \/>\ntargeting the all-important 7.70 level again,&#8221; Martin said.<\/p>\n<p><span><\/span><\/p>\n<p>Government bond yields crept lower after a weekly government<br \/>\nauction showed lukewarm demand, particularly at the longer end<br \/>\nof the yield curve.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the benchmark three-year bond closed<br \/>\nfour basis points lower at 6.49 percent while that for the<br \/>\n14-year issue dipped two basis points to 8.165<br \/>\npercent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand among strongest EM currencies on the day * Bonds largely flat after last week&#8217;s rally JOHANNESBURG, April 24 (Reuters) &#8211; The rand touched its highest in almost three weeks against the dollar on Tuesday and was among the strongest-performing emerging currencies but government bonds edged up only slightly as some of the recent [&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-10248","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\/10248","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=10248"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}