{"id":11061,"date":"2012-06-04T10:42:08","date_gmt":"2012-06-04T08:42:08","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-softens-on-global-growth-concerns\/"},"modified":"2012-06-04T10:42:08","modified_gmt":"2012-06-04T08:42:08","slug":"s-africas-rand-softens-on-global-growth-concerns","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softens-on-global-growth-concerns\/","title":{"rendered":"S.Africa’s rand softens on global growth concerns"},"content":{"rendered":"

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

* Rand slightly softer on global concerns<\/span><\/p>\n

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

* Currency set to trade in 8.5-8.7 range vs. dlr<\/p>\n

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

JOHANNESBURG, June 4<\/span> (Reuters) – South Africa’s rand
\nsoftened against the dollar on Monday as fears of a global
\nslowdown dealt another blow to risk sentiment amongst investors.<\/p>\n

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

At 0638 GMT, the rand was trading at 8.6035 against the
\ndollar, slightly softer than Friday’s New York close of 8.59.<\/p>\n

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

“There’s probably more risk for rand weakness in the coming
\ndays. It does look like there are still concerns,” said Ion de
\nVleeschauwer, a trader at Bidvest Bank.<\/p>\n

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

U.S. employment data on Friday suggested the euro zone’s
\ndebt mess was taking its toll on the world’s largest economy,
\nstoking fears of a worldwide slowdown compounded by gloomy
\nmanufacturing data from China and Europe.<\/p>\n

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

“Obviously those very weak U.S. job figures on Friday have
\nsparked rumours that there could be more quantitative easing,
\nwhich should benefit emerging markets,” De Vleeschauwer added.<\/p>\n

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

Government bonds were largely unmoved. The yield on the
\nthree-year bond was flat at 6.355 percent while that on the 14
\nyear paper gained 1.5 basis points to 8.93 percent.<\/p>\n

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

The National Association of Automobile Manufacturers is due
\nto release May new vehicle sales data at 0900 GMT.\t<\/p>\n

(Reporting by Vuyani Ndaba; Editing by Ed Cropley)<\/p>\n

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

\n

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

* Rand slightly softer on global concerns * Currency set to trade in 8.5-8.7 range vs. dlr JOHANNESBURG, June 4 (Reuters) – South Africa’s rand softened against the dollar on Monday as fears of a global slowdown dealt another blow to risk sentiment amongst investors. At 0638 GMT, the rand was trading at 8.6035 against […]<\/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-11061","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\/11061","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=11061"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11061\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}