{"id":11470,"date":"2012-06-14T11:16:14","date_gmt":"2012-06-14T09:16:14","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-steady-tracks-firmer-euro\/"},"modified":"2012-06-14T11:16:14","modified_gmt":"2012-06-14T09:16:14","slug":"s-africas-rand-steady-tracks-firmer-euro","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-steady-tracks-firmer-euro\/","title":{"rendered":"S.Africa&#8217;s rand steady, tracks firmer euro"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand holds steady in high 8.30s<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Seen trading in 8.25-8.50 range<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 14<\/span> (Reuters) &#8211; South Africa&#8217;s rand traded<br \/>\nin a tight range against the dollar on Thursday but looked set<br \/>\nto track slight firmness in the euro as traders pared extremely<br \/>\nbearish positions in the single currency ahead of the Sunday&#8217;s<br \/>\ncrucial Greek election.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was barely moved at 8.3803 against the<br \/>\ngreenback at 0609 GMT from last night&#8217;s New York close of<br \/>\n8.3840.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand is edging stronger in edgy trade,&#8221; Rand Merchant<br \/>\nBank said in a note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;USD\/ZAR is now under 8.40, helped by a rally in EUR\/USD,<br \/>\ntargeting the low 8.30s as it catches up with other<br \/>\nhigh-yielding currencies.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The currency weakened momentarily on Wednesday after<br \/>\ndisappointing retail sales numbers but firmed with the euro in<br \/>\nlate afternoon trade. It is now expected to trade between 8.25<br \/>\nand 8.50.<\/p>\n<p><span><\/span><\/p>\n<p>The rand often tracks the euro, the currency of its largest<br \/>\nregional trading partner.<\/p>\n<p><span><\/span><\/p>\n<p>Yields on benchmark bonds dropped just one basis point to<br \/>\n6.17 percent for the three-year note and 8.265 percent<br \/>\nfor the 14-year bond.<\/p>\n<p><span><\/span><\/p>\n<p>The government is holding a switch auction to roll over a<br \/>\nbond maturing in two years into its 14- and 29-year<br \/>\nissues. The results are due at 0930 GMT.\t<\/p>\n<p> (Reporting by Vuyani Ndaba; Editing by Ed Cropley)<\/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>* Rand holds steady in high 8.30s * Seen trading in 8.25-8.50 range JOHANNESBURG, June 14 (Reuters) &#8211; South Africa&#8217;s rand traded in a tight range against the dollar on Thursday but looked set to track slight firmness in the euro as traders pared extremely bearish positions in the single currency ahead of the Sunday&#8217;s [&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-11470","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\/11470","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=11470"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11470\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}