{"id":11815,"date":"2012-06-25T11:54:35","date_gmt":"2012-06-25T09:54:35","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-weakens-as-growth-concerns-return\/"},"modified":"2012-06-25T11:54:35","modified_gmt":"2012-06-25T09:54:35","slug":"s-africas-rand-weakens-as-growth-concerns-return","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-weakens-as-growth-concerns-return\/","title":{"rendered":"S.Africa&#8217;s rand weakens as growth concerns return"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand trading weaker on local and international concerns<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Traders eyeing 8.60 against the dollar<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 25<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened in line with other commodity currencies on Monday amid<br \/>\nconcerns about faltering global growth and scepticism that<br \/>\nanother European Union summit this week will offer any respite<br \/>\nfor the debt-ridden region.<\/p>\n<p><span><\/span><\/p>\n<p>European leaders are due to discuss specific steps towards a<br \/>\ncross-border banking union, fiscal integration and the<br \/>\npossibility of a debt redemption fund &#8211; talks that are likely to<br \/>\nsway investors&#8217; attitudes to riskier emerging market assets.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.24 percent weaker at 8.4350 at 0645<br \/>\nGMT from Friday&#8217;s New York close of 8.4100.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has continued on a weaker bias. We looking for 8.6<br \/>\non the rand,&#8221; said Brigid Taylor, head of institutional sales at<br \/>\nNedbank, one of South Africa&#8217;s four big retail banks.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We&#8217;re keeping an eye on the euro summit this week as well<br \/>\nas trade deficit numbers towards the end of this week which are<br \/>\nlikely to confirm the deterioration in tax revenues.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>In the local bond market, the yield for the three year bond<br \/>\n was up 1.5 basis points to 6.035 percent and that on<br \/>\nthe fourteen year paper was up by the same margin to<br \/>\n8.015 percent.<\/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 trading weaker on local and international concerns * Traders eyeing 8.60 against the dollar JOHANNESBURG, June 25 (Reuters) &#8211; South Africa&#8217;s rand weakened in line with other commodity currencies on Monday amid concerns about faltering global growth and scepticism that another European Union summit this week will offer any respite for the debt-ridden [&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-11815","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\/11815","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=11815"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11815\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}