{"id":11580,"date":"2012-06-18T11:32:28","date_gmt":"2012-06-18T09:32:28","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/refile-s-africas-rand-firms-as-emerging-market-risk-recedes\/"},"modified":"2012-06-18T11:32:28","modified_gmt":"2012-06-18T09:32:28","slug":"refile-s-africas-rand-firms-as-emerging-market-risk-recedes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/refile-s-africas-rand-firms-as-emerging-market-risk-recedes\/","title":{"rendered":"REFILE-S.Africa&#8217;s rand firms as emerging market risk recedes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Refiles to clarify headline, no changes to main text)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand rallies as investors buy emerging market assets<\/p>\n<p><span><\/span><\/p>\n<p>* Bond yields expected to go lower on weak data<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 18 (Reuters) &#8211; The rand gained over one<br \/>\npercent against the dollar in early Monday trade, starting the<br \/>\nweek on a firmer footing after Greek elections at the weekend<br \/>\nsignalled the European country would not immediately leave the<br \/>\neuro.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging markets gained as investors bought into risky<br \/>\nassets once again after fears last week that Greece could leave<br \/>\nthe euro, resulting in a messy break up of the monetary union.<\/p>\n<p><span><\/span><\/p>\n<p>Greek parties who support a bailout won a slight majority at<br \/>\nthe weekend election.<\/p>\n<p><span><\/span><\/p>\n<p>The rand strengthened to a week high of 8.2334 in<br \/>\nthe early morning session, compared with a 8.3525 close in New<br \/>\nYork on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say the rand is benefiting from investor relief<br \/>\nthat there will not be a messy break-up of the euro bloc just<br \/>\nyet. However the rally is unlikely to last as uncertainty<br \/>\nrelating to Greece and the rest of the euro region remains.<\/p>\n<p><span><\/span><\/p>\n<p>The rand is likely to find 8.20 a tough barrier to break,<br \/>\nafter the level provided strong rand resistance in May. On the<br \/>\nweaker side, it should find support at 8.35.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Refiles to clarify headline, no changes to main text) * Rand rallies as investors buy emerging market assets * Bond yields expected to go lower on weak data JOHANNESBURG, June 18 (Reuters) &#8211; The rand gained over one percent against the dollar in early Monday trade, starting the week on a firmer footing after Greek [&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-11580","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\/11580","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=11580"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}