{"id":11858,"date":"2012-06-26T23:56:42","date_gmt":"2012-06-26T21:56:42","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africa-rand-trades-sideways-investors-cautious\/"},"modified":"2012-06-26T23:56:42","modified_gmt":"2012-06-26T21:56:42","slug":"s-africa-rand-trades-sideways-investors-cautious","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-rand-trades-sideways-investors-cautious\/","title":{"rendered":"S.Africa rand trades sideways, investors cautious"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand within range against dollar, little market interest<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds track currency trading, decent government auction<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 26<\/span> (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nslightly against the dollar on Tuesday but stayed within its<br \/>\nprevious range, with investors waiting on political meetings<br \/>\ntowards the end of the week that are expected to give signals on<br \/>\nthe domestic economic outlook.<\/p>\n<p><span><\/span><\/p>\n<p>Trade volume was at its lowest level in two weeks, pointing<br \/>\nto a lack of interest until policy meetings locally and abroad<br \/>\nplay out.<\/p>\n<p><span><\/span><\/p>\n<p>The ruling African National Congress (ANC) began a meeting<br \/>\non Tuesday to draw up the party&#8217;s policies for the next five<br \/>\nyears while European leaders are holding a summit on Thursday<br \/>\nand Friday to try to deal with the euro crisis.<\/p>\n<p><span><\/span><\/p>\n<p>The market is not expecting any real solutions from the<br \/>\nEuropean meeting, which may limit the effect on emerging market<br \/>\ncurrencies.<\/p>\n<p><span><\/span><\/p>\n<p>In the meantime investors are playing it safe. The rand<br \/>\n was up just 0.13 percent at 8.4765 to the dollar by<br \/>\n1500 GMT, not far from the 8.4875 close in New York on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In the last couple of days we&#8217;ve seen more people looking<br \/>\nto be long dollar. We haven&#8217;t see a great deal of interest today<br \/>\nat these levels,&#8221; said Paul Chakaduka of Global Trader.<\/p>\n<p><span><\/span><\/p>\n<p>Besides the euro crisis, investors are nervous that the ANC<br \/>\nconference could come up with policy plans that include greater<br \/>\nstate control in Africa&#8217;s largest economy. Some members of the<br \/>\nruling alliance have been demanding the nationalisation of the<br \/>\ncentral bank and the minerals sector.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand within range against dollar, little market interest * Bonds track currency trading, decent government auction JOHANNESBURG, June 26 (Reuters) &#8211; South Africa&#8217;s rand firmed slightly against the dollar on Tuesday but stayed within its previous range, with investors waiting on political meetings towards the end of the week that are expected to give [&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-11858","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\/11858","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=11858"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11858\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}