{"id":10678,"date":"2012-05-25T10:03:09","date_gmt":"2012-05-25T08:03:09","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/south-africas-rand-steadies-on-euro-zone-concerns\/"},"modified":"2012-05-25T10:03:09","modified_gmt":"2012-05-25T08:03:09","slug":"south-africas-rand-steadies-on-euro-zone-concerns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africas-rand-steadies-on-euro-zone-concerns\/","title":{"rendered":"South Africa’s rand steadies on euro zone concerns"},"content":{"rendered":"

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

* Rand still dominated by international issues<\/span><\/p>\n

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

* Uncertainty to remain high on unresolved debt problems<\/p>\n

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

JOHANNESBURG<\/span> May 25 (Reuters) – South Africa’s rand
\nsteadied on Friday against the dollar but remained under
\npressure from a weaker euro and the debt crisis sweeping its
\nmajor European trading partners.<\/p>\n

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

The rand was slightly firmer at 8.3455 at 0646 GMT from New
\nYork’s Thursday close of 8.3625 per dollar.<\/p>\n

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

“It seems as if markets took a breather in a day that saw
\nlittle new information on the unfolding drama in the Eurozone,”
\nRand Merchant Bank wrote in a client note.<\/p>\n

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

“We expect uncertainty to remain high until there’s clarity
\nover the future of the Eurozone.”<\/p>\n

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

Government bonds opened flat, with the benchmark yield at
\n6.35 percent for the three-year bond and the 14-year
\npaper slipping half a basis point to 8.32.<\/p>\n

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

Bonds gained on Thursday after the Reserve Bank left rates
\nunchanged. Analysts suggested the bank’s statement sounded
\ndovish with it forecasting a lower inflation number.<\/p>\n

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

Treasury is due to auction 500 million rand of the 2018
\n, 800 million rand of the 2031 and 800
\nmillion rand of the 2036 nominal inflation-linked
\nbonds at 0900 GMT.<\/p>\n

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

On the bourse, the JSE’s blue-chip Top-40 June futures
\ncontract was up 0.06 percent before the 0700 GMT start
\nof trade, pointing to a positive start.
\n\t<\/p>\n

(Reporting by Vuyani Ndaba; Editing by Jon Herskovitz)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand still dominated by international issues * Uncertainty to remain high on unresolved debt problems JOHANNESBURG May 25 (Reuters) – South Africa’s rand steadied on Friday against the dollar but remained under pressure from a weaker euro and the debt crisis sweeping its major European trading partners. The rand was slightly firmer at 8.3455 […]<\/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-10678","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\/10678","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=10678"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10678\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}