{"id":11201,"date":"2012-06-07T10:59:12","date_gmt":"2012-06-07T08:59:12","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-rand-dips-below-resistance-reserves-fall\/"},"modified":"2012-06-07T10:59:12","modified_gmt":"2012-06-07T08:59:12","slug":"s-africa-rand-dips-below-resistance-reserves-fall","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-dips-below-resistance-reserves-fall\/","title":{"rendered":"S.Africa rand dips below resistance, reserves fall"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand, govt bond supported by risk rally<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Reserves fall for third straight month on stronger dollar<\/p>\n<p><span><\/span><\/p>\n<p>* Reuters Econometer due at 0930 GMT, manufacturing at 1100<br \/>\nGMT,<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 7 (Reuters) &#8211; South Africa&#8217;s rand and<br \/>\nbonds were firmer on Thursday on the back of an emerging market<br \/>\nrally that saw the rand briefly break through 8.30 resistance on<br \/>\ninvestors&#8217; hopes European leaders may find a plan to tame debt<br \/>\nproblems in region.<\/p>\n<p><span><\/span><\/p>\n<p>But with no complete resolution yet in sight, the global<br \/>\noutlook remains uncertain and the rally could be short lived.<\/p>\n<p><span><\/span><\/p>\n<p>The rand hovered above its next resistance level,<br \/>\ntrading at 8.31 to the dollar by 0600 GMT. It tested 8.30<br \/>\nresistance, which may open up 8.28, dealers said.<\/p>\n<p><span><\/span><\/p>\n<p>Central bank data showed reserves fell to $47.672 billion in<br \/>\nMay, likely due to the stronger dollar last<br \/>\nmonth.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on government bonds were down with the firmer<br \/>\ncurrency but may moderate with the announcement of Treasury&#8217;s<br \/>\nswitch auction plans for next week.<\/p>\n<p><span><\/span><\/p>\n<p>The 2015 yield dipped 1.5 basis points to 6.255<br \/>\npercent while the 2026 issue dropped three basis<br \/>\npoints to 8.26 percent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand, govt bond supported by risk rally * Reserves fall for third straight month on stronger dollar * Reuters Econometer due at 0930 GMT, manufacturing at 1100 GMT, JOHANNESBURG, June 7 (Reuters) &#8211; South Africa&#8217;s rand and bonds were firmer on Thursday on the back of an emerging market rally that saw the rand [&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-11201","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\/11201","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=11201"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11201\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}