{"id":10282,"date":"2012-04-26T04:31:41","date_gmt":"2012-04-26T02:31:41","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-edges-firmer-bonds-weaken\/"},"modified":"2012-04-26T04:31:41","modified_gmt":"2012-04-26T02:31:41","slug":"s-africas-rand-edges-firmer-bonds-weaken","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-edges-firmer-bonds-weaken\/","title":{"rendered":"S.Africa&#8217;s rand edges firmer, bonds weaken"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand holds firm as risk appetite holds<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaken, yields rise in dull session<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, April 25<\/span> (Reuters) &#8211; The rand firmed as much<br \/>\nas 0.5 percent to a fresh three-week high against the dollar on<br \/>\nWednesday and was on track for its second straight daily gain as<br \/>\npositive sentiment on world markets kept high-yield assets in<br \/>\nfavour.<\/p>\n<p><span><\/span><\/p>\n<p>By 1608 GMT the rand was up 0.26 percent on the day<br \/>\nat 7.7680\/dollar after earlier hitting 7.7510, the strongest it<br \/>\nhas been against the greenback since April 4.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has mainly been tracking the core markets in the<br \/>\npast few days, however it is more notable that dollar\/rand<br \/>\nmanaged to close below the longer holding 7.80-8.00 range,&#8221;<br \/>\n4Cast emerging market analyst Anisha Arora said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Focus now shifts to support around 7.75, given that this<br \/>\nlevel previously offered range tops this year and also marks the<br \/>\n200 day moving average,&#8221; she added.<\/p>\n<p><span><\/span><\/p>\n<p>Global shares jumped on Wednesday, lifted by<br \/>\nbetter-than-expected earnings from tech heavyweight Apple Inc<br \/>\nand signs of improved sentiment in troubled euro zone debt<br \/>\nmarkets.<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. Federal Reserve repeated its promise to leave<br \/>\ninterest rates on hold until at least late 2014 but offered few<br \/>\nclues into whether it might offer additional stimulus later this<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>South African government bonds weakened slightly, nudging<br \/>\nyields higher as the market took a breather from last week&#8217;s<br \/>\nstrong rally, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the benchmark three-year bond edged<br \/>\nup half a basis point to 6.495 percent and that for the<br \/>\nlonger-dated 2026 paper added five basis points to<br \/>\n8.215 percent.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand holds firm as risk appetite holds * Bonds weaken, yields rise in dull session JOHANNESBURG, April 25 (Reuters) &#8211; The rand firmed as much as 0.5 percent to a fresh three-week high against the dollar on Wednesday and was on track for its second straight daily gain as positive sentiment on world markets [&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-10282","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\/10282","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=10282"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10282\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}