{"id":11762,"date":"2012-06-22T23:39:55","date_gmt":"2012-06-22T21:39:55","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-ends-weaker-in-volatile-week-bonds-firm\/"},"modified":"2012-06-22T23:39:55","modified_gmt":"2012-06-22T21:39:55","slug":"s-africas-rand-ends-weaker-in-volatile-week-bonds-firm","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-ends-weaker-in-volatile-week-bonds-firm\/","title":{"rendered":"S.Africa&#8217;s rand ends weaker in volatile week, bonds firm"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand ends weaker on poor domestic and global data<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Lower commodity prices hit resource-heavy rand<\/p>\n<p><span><\/span><\/p>\n<p>* Bonds come back from best levels, seen overbought<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 22 (Reuters) &#8211; The rand weakened against<br \/>\nthe dollar for the second day on Friday, ending at its lowest in<br \/>\na week and hit by falling metals prices earlier in the day,<br \/>\nwhich threatened to curb revenues for South Africa&#8217;s mining<br \/>\nexports.<\/p>\n<p><span><\/span><\/p>\n<p>The South African currency was also reacting to signals of<br \/>\nsoft domestic economic growth in the second quarter after poor<br \/>\nbalance of payments data on Thursday. It fell half a<br \/>\npercent to 8.4350 to the dollar, coming off a session high of<br \/>\n8.3380 to the dollar.<\/p>\n<p><span><\/span><\/p>\n<p>The rand had broken resistance at 8.15 on Wednesday but<br \/>\nretreated sharply in the next session after poor domestic data<br \/>\non the current account and as sentiment towards risky assets<br \/>\nturned negative.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say it now looks headed for 8.45 support.<\/p>\n<p><span><\/span><\/p>\n<p>The rand is highly correlated with risk appetite and its<br \/>\ndeep liquidity makes it susceptible to swings in investor<br \/>\nsentiment.<\/p>\n<p><span><\/span><\/p>\n<p>Dealers say 20 cent and above ranges have become normal in<br \/>\nrand\/dollar moves in recent weeks. The currency has lost more<br \/>\nthan 9 percent since the start of May, moving from 7.70 to a<br \/>\nthree-year low of 8.71 and then to a slight recovery of 8.15<br \/>\nbefore Friday&#8217;s stretch to 8.43.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand ends weaker on poor domestic and global data * Lower commodity prices hit resource-heavy rand * Bonds come back from best levels, seen overbought JOHANNESBURG, June 22 (Reuters) &#8211; The rand weakened against the dollar for the second day on Friday, ending at its lowest in a week and hit by falling metals [&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-11762","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\/11762","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=11762"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}