{"id":10612,"date":"2012-05-07T12:54:12","date_gmt":"2012-05-07T10:54:12","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/s-africas-rand-softer-against-dollar-bonds-weaken\/"},"modified":"2012-05-07T12:54:12","modified_gmt":"2012-05-07T10:54:12","slug":"s-africas-rand-softer-against-dollar-bonds-weaken","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softer-against-dollar-bonds-weaken\/","title":{"rendered":"S.Africa&#8217;s rand softer against dollar, bonds weaken"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* EM currencies under pressure as euro zone worries<br \/>\nresurface<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Local bonds also fall as investors seek safe havens<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> May 7 (Reuters) &#8211; South Africa&#8217;s rand softened<br \/>\nagainst the dollar on Monday and government bonds followed suit<br \/>\nas risk sentiment turned sour after electoral upsets in Europe<br \/>\nraised concerns that bail-out plans for the debt-ridden region<br \/>\nmight veer off track.<\/p>\n<p><span><\/span><\/p>\n<p>Europe is a key market for South African exports and a<br \/>\ngloomy economic outlook there tends to weigh on the rand.<\/p>\n<p><span><\/span><\/p>\n<p>By 0650 GMT the rand was trading 0.392 percent<br \/>\nweaker at 7.8599 against the dollar from Friday&#8217;s close at<br \/>\n7.8350.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;re following the euro which has weakened quite a lot on<br \/>\nall those elections results over the weekend,&#8221; RMB trader Jim<br \/>\nBryson said.<\/p>\n<p><span><\/span><\/p>\n<p>The rand&#8217;s weakness mirrored that of the euro, which was on<br \/>\nthe back foot against the greenback after elections in Greece<br \/>\nand France raised fresh concerns the euro zone&#8217;s hard-earned<br \/>\nbailout and austerity steps could fall apart.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It is a UK holiday today which may reduce the impact<br \/>\nsomewhat of these elections,&#8221; Bryson added. &#8220;We might just have<br \/>\na bit of a quieter day than normal.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The local debt market was not spared as investors dumped<br \/>\nemerging market assets in favour of so-called &#8220;safe havens&#8221; such<br \/>\nas U.S. Treasuries.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* EM currencies under pressure as euro zone worries resurface * Local bonds also fall as investors seek safe havens JOHANNESBURG May 7 (Reuters) &#8211; South Africa&#8217;s rand softened against the dollar on Monday and government bonds followed suit as risk sentiment turned sour after electoral upsets in Europe raised concerns that bail-out plans for [&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-10612","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\/10612","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=10612"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10612\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}