{"id":11928,"date":"2012-06-28T12:01:17","date_gmt":"2012-06-28T10:01:17","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/s-africas-rand-firms-in-thin-trade-vs-dollar\/"},"modified":"2012-06-28T12:01:17","modified_gmt":"2012-06-28T10:01:17","slug":"s-africas-rand-firms-in-thin-trade-vs-dollar","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firms-in-thin-trade-vs-dollar\/","title":{"rendered":"S.Africa&#8217;s rand firms in thin trade vs dollar"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand firmer within a range against dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Govt switch auction results at 0930 GMT<\/p>\n<p><span><\/span><\/p>\n<p>* Producer inflation data due at 0930 GMT<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 28 (Reuters) &#8211; The rand strengthened<br \/>\nagainst the dollar in early Thursday trade, following a firmer<br \/>\neuro toward a third day of slight gains, with investors shying<br \/>\naway from big positions while waiting for policy clarity from<br \/>\nabroad and locally.<\/p>\n<p><span><\/span><\/p>\n<p>The ruling ANC holds its third day of a policy conference on<br \/>\nThursday. So far the meetings have not led to a concrete<br \/>\noutcomes on matters such as increased state control in the<br \/>\neconomy, but investors remain nervous.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The conference is not really impacting markets but I<br \/>\nsuggest that further policy uncertainty can only be a negative<br \/>\nfor the rand,&#8221; said Christopher Shiells, emerging market analyst<br \/>\nat Informa Global Markets.<\/p>\n<p><span><\/span><\/p>\n<p>A summit of European leaders later in the session may drive<br \/>\nglobal markets and direct risk sentiment.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was up 0.6 percent to 8.39 at 0643 GMT, compared to<br \/>\na 8.44 close in the New York market but still within Wednesday&#8217;s<br \/>\nrange.<\/p>\n<p><span><\/span><\/p>\n<p>Dealers say they expect little resolution from the summit<br \/>\nand therefore prefer to hold long dollar positions, which should<br \/>\nkeep the rand around its current level of 8.40.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand firmer within a range against dollar * Govt switch auction results at 0930 GMT * Producer inflation data due at 0930 GMT JOHANNESBURG, June 28 (Reuters) &#8211; The rand strengthened against the dollar in early Thursday trade, following a firmer euro toward a third day of slight gains, with investors shying away from [&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-11928","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\/11928","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=11928"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11928\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}