{"id":10321,"date":"2012-04-27T04:33:04","date_gmt":"2012-04-27T02:33:04","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-africas-rand-retreats-vs-dlr-before-long-weekend\/"},"modified":"2012-04-27T04:33:04","modified_gmt":"2012-04-27T02:33:04","slug":"s-africas-rand-retreats-vs-dlr-before-long-weekend","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-retreats-vs-dlr-before-long-weekend\/","title":{"rendered":"S.Africa&#8217;s rand retreats vs dlr before long weekend"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand ends weaker, retreats from 3-1\/2 week highs<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Dealers position for long weekend<\/p>\n<p><span><\/span><\/p>\n<p>* March PPI eases, rates outlook unchanged<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, April 26 (Reuters) &#8211; South Africa&#8217;s rand ended<br \/>\nweaker against the dollar on Thursday, bouncing back from a big<br \/>\nresistance area partly as dealers squared their positions before<br \/>\na long weekend.<\/p>\n<p><span><\/span><\/p>\n<p>South African markets will be closed on Friday for a<br \/>\nnational holiday, while next week will also be a four-day week<br \/>\ndue to the Labour Day holiday on May 1.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was down 0.6 percent at 7.79 at 1603 GMT,<br \/>\nweakening in the afternoon as dealers positioned to be away for<br \/>\na couple of days with normal trading volumes expected only on<br \/>\nWednesday.<\/p>\n<p><span><\/span><\/p>\n<p>The rand had tested highs from three and a half weeks ago<br \/>\nbefore bouncing at 7.7250 resistance.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;A few of the variables have soured slightly and it&#8217;s just<br \/>\nreflected in the rand weakening off its best levels. I wouldn&#8217;t<br \/>\nread too much into that, it&#8217;s fairly thin market conditions,&#8221;<br \/>\nsaid George Glynos of ETM, referring to choppy Wall Street<br \/>\ntrading and weak European data.<\/p>\n<p><span><\/span><\/p>\n<p>The rand managed a convincing break through the 7.78 area<br \/>\nthat it had flirted with for most of the week, and 7.72 is up<br \/>\nnext for rand bulls, but this is likely to be a tough barrier.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on the government benchmarks were little changed from<br \/>\ntheir close. The three-year note dropped two basis<br \/>\npoints to 6.475 percent while that on the 14-year issue<br \/>\n was steady at 8.18 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Producer inflation data for March showed factory gate prices<br \/>\nhad eased, adding to the view that inflation is contained and<br \/>\nthe central bank will not move on interest rates this<br \/>\nyear. \t<\/p>\n<p> (Reporting by Xola Potelwa; Editing by Ruth Pitchford)<\/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 ends weaker, retreats from 3-1\/2 week highs * Dealers position for long weekend * March PPI eases, rates outlook unchanged JOHANNESBURG, April 26 (Reuters) &#8211; South Africa&#8217;s rand ended weaker against the dollar on Thursday, bouncing back from a big resistance area partly as dealers squared their positions before a long weekend. South [&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-10321","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\/10321","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=10321"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10321\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}