{"id":12143,"date":"2012-07-06T00:14:18","date_gmt":"2012-07-05T22:14:18","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africas-rand-ends-steady-bonds-hit-new-records\/"},"modified":"2012-07-06T00:14:18","modified_gmt":"2012-07-05T22:14:18","slug":"s-africas-rand-ends-steady-bonds-hit-new-records","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-ends-steady-bonds-hit-new-records\/","title":{"rendered":"S.Africa’s rand ends steady, bonds hit new records"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand need to break through 8.06 to firmer levels<\/span><\/p>\n

<\/span><\/p>\n

* Bonds hit fresh records<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, July 5<\/span> (Reuters) – The rand was slightly
\nfirmer within a recent range on Thursday, reacting to
\ninternational central banks lowering interest rates and pumping
\nmore money into markets to try and boost growth.<\/p>\n

<\/span><\/p>\n

China and the European Central Bank all cut interest rates
\nearlier in the session and the Bank of England also announced a
\nthird round of monetary stimulus, money that analysts say will
\nlikely end up on emerging markets’ shores.<\/p>\n

<\/span><\/p>\n

Yields on government bonds hit record lows with offshore
\nmoney continuing to buy local higher-yielding debt.<\/p>\n

<\/span><\/p>\n

The rand reversed earlier losses to strengthen 0.7
\npercent against the dollar after the monetary policy action but
\nby 1523 GMT had eased to 0.13 percent worth of gains at
\n8.1253\/dollar.<\/p>\n

<\/span><\/p>\n

“Although the ECB cut rates and PBoC made a similar move,
\nthe fact that sentiments quickly faded showed that policy easing
\nwon’t solve underlying and structural problems in the Eurozone
\nand that the global economy is indeed in need of help,” said
\nAnisha Arora, emerging market analyst at 4Cast.<\/p>\n

<\/span><\/p>\n

“Consequently dollar\/rand is unlikely to see this week’s low
\nof 8.06 again, though this is dependant on the outcome of the
\nUnited States NFP’s,” said Anisha Arora of 4Cast, warning that
\nexpectations may bee too optimistic for the U.S. jobs number on
\nFriday.<\/p>\n

<\/span><\/p>\n

The rand is usually the most sensitive out its emerging
\nmarket currency peers to global risk sentiment as a deeply
\nliquid market.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand need to break through 8.06 to firmer levels * Bonds hit fresh records JOHANNESBURG, July 5 (Reuters) – The rand was slightly firmer within a recent range on Thursday, reacting to international central banks lowering interest rates and pumping more money into markets to try and boost growth. China and the European Central […]<\/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-12143","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\/12143","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=12143"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}