{"id":11252,"date":"2012-06-08T11:03:52","date_gmt":"2012-06-08T09:03:52","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-rand-weaker-on-us-stimulus-disappointment\/"},"modified":"2012-06-08T11:03:52","modified_gmt":"2012-06-08T09:03:52","slug":"s-africa-rand-weaker-on-us-stimulus-disappointment","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-weaker-on-us-stimulus-disappointment\/","title":{"rendered":"S.Africa rand weaker on US stimulus disappointment"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Sentiment against risk after Bernanke speech<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaken on interest rate cut possibility<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 8<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened against the dollar on Friday after the U.S. Federal<br \/>\nReserve disappointed investors by offering no hint of immediate<br \/>\nmonetary stimulus, which impacted the currencies of emerging<br \/>\nmarkets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand weakened 0.27 percent to 8.41 against the<br \/>\ngreenback at 0614 GMT from Thursday&#8217;s New York close of 8.39.<\/p>\n<p><span><\/span><\/p>\n<p>Federal Reserve Chairman Ben Bernanke&#8217;s speech on Thursday<br \/>\nleft uncertainty over the Fed&#8217;s upcoming policy decision at its<br \/>\nJune 19-20 meeting and overshadowed an initial positive reaction<br \/>\nin global markets to an earlier Chinese interest rate cut.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s basically just &#8216;risk off&#8217; (avoiding risk) since<br \/>\nBernanke spoke yesterday afternoon, the dollar has just<br \/>\nstrengthened, it&#8217;s not rand specific,&#8221; a Johannesburg trader<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s just that the euro is off, risk is off, the rand<br \/>\nweakens,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on South African government benchmark bonds rose as<br \/>\nweaker-than-expected local manufacturing output figures had<br \/>\ndealers factoring in the possibility of interest rate cuts<br \/>\ninstead of monetary tightening in Africa&#8217;s biggest economy.<\/p>\n<p><span><\/span><\/p>\n<p>Both benchmark bonds added 3 basis points, bringing the 2015<br \/>\nyield to 6.27 percent and the 14-year yield<br \/>\nto 8.30 percent.\t<\/p>\n<p> (Reporting by Vuyani Ndaba; Editing by Pascal Fletcher)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Sentiment against risk after Bernanke speech * Bonds weaken on interest rate cut possibility JOHANNESBURG, June 8 (Reuters) &#8211; South Africa&#8217;s rand weakened against the dollar on Friday after the U.S. Federal Reserve disappointed investors by offering no hint of immediate monetary stimulus, which impacted the currencies of emerging markets. The rand weakened 0.27 [&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-11252","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\/11252","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=11252"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11252\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}