{"id":11850,"date":"2012-06-26T11:56:21","date_gmt":"2012-06-26T09:56:21","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-finds-temporary-breather-vs-dollar\/"},"modified":"2012-06-26T11:56:21","modified_gmt":"2012-06-26T09:56:21","slug":"s-africas-rand-finds-temporary-breather-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-finds-temporary-breather-vs-dollar\/","title":{"rendered":"S.Africa&#8217;s rand finds temporary breather vs dollar"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Volumes expected to be thin, to pick up mid-week<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand gets reprieve as investors stay out<\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weak ahead of auction<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 26 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nin early trade on Tuesday, getting a temporary reprieve against<br \/>\nthe dollar as investors preferred to stay out of the market due<br \/>\nto coming policy meetings at home and abroad.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was at 8.4674, 0.25 percent firmer than<br \/>\nits 8.4875 New York close on Monday. Analysts say technical<br \/>\nsignals show a temporary breather in the overall bearish trend<br \/>\nfor the currency.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We would not be surprised to see some stalling before<br \/>\ndecisive breakouts occur,&#8221; said Judy Padayachee, technical<br \/>\nstrategist for Absa Capital.<\/p>\n<p><span><\/span><\/p>\n<p>However the rand is expected to get back on a weaker path<br \/>\ngoing into next month.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Bigger picture, we remain rand bearish into the third<br \/>\nquarter and target 8.80-9.00 against the dollar,&#8221; Padayachee<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>For the session the rand should find support at 8.50, a key<br \/>\ntechnical level.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Volumes expected to be thin, to pick up mid-week * Rand gets reprieve as investors stay out * Bonds weak ahead of auction JOHANNESBURG, June 26 (Reuters) &#8211; South Africa&#8217;s rand firmed in early trade on Tuesday, getting a temporary reprieve against the dollar as investors preferred to stay out of the market due [&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-11850","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\/11850","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=11850"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11850\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}