{"id":10351,"date":"2012-04-30T20:29:08","date_gmt":"2012-04-30T18:29:08","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/s-african-rand-retreats-from-4-week-high-bonds-flat\/"},"modified":"2012-04-30T20:29:08","modified_gmt":"2012-04-30T18:29:08","slug":"s-african-rand-retreats-from-4-week-high-bonds-flat","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-retreats-from-4-week-high-bonds-flat\/","title":{"rendered":"S.African rand retreats from 4-week high, bonds flat"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand pulls back as euro zone gloom hits sentiment<\/span><\/p>\n

<\/span><\/p>\n

* Bonds flat in lacklustre trader, players still away<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, April 30<\/span> (Reuters) – South Africa’s rand hit a
\nnear 4-week high against the dollar on Monday but later
\nrelinquished the gains to end slightly down in quiet trade after
\nlocal data pointed to a hefty deficit on the trade account
\nduring the fist quarter of the year.<\/p>\n

<\/span><\/p>\n

Most local players were still out of the foreign currency
\nand debt markets after Friday’s Freedom Day holiday and ahead of
\nanother holiday on Tuesday. South African financial markets will
\nonly be back in full on Wednesday.<\/p>\n

<\/span><\/p>\n

The rand firmed to 7.7190 earlier in Monday’s
\nsession, its strongest level since April 3, but retreated to
\n7.7592 by 1536 GMT, down 0.24 percent from its previous close at
\n7.7401.<\/p>\n

<\/span><\/p>\n

It was at 7.7310 just before data from the South African
\nRevenue Service showed the trade deficit was at 5.5 billion rand
\nin March after a 7.5 billion rand shortfall in February.<\/p>\n

<\/span><\/p>\n

The numbers point to a wider current account for the first
\nquarter, traditionally an Achilles’ heel for the rand.<\/p>\n

<\/span><\/p>\n

On Monday the currency also took its cue from the euro,
\nwhich was on track for its worst month since December as data
\npointed to further economic gloom for euro zone countries. The
\nrand tends to closely follow the euro given strong trading ties
\nbetween South Africa and that region.<\/p>\n

<\/span><\/p>\n

“Until the last bounce in euro\/dollar the rand had been
\ntracking the pair, with little direction in the morning
\nsession,” said Christopher Shiells, emerging markets analyst at
\nInforma Global Markets.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand pulls back as euro zone gloom hits sentiment * Bonds flat in lacklustre trader, players still away JOHANNESBURG, April 30 (Reuters) – South Africa’s rand hit a near 4-week high against the dollar on Monday but later relinquished the gains to end slightly down in quiet trade after local data pointed to a […]<\/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-10351","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\/10351","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=10351"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10351\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}