{"id":12186,"date":"2012-07-07T00:16:20","date_gmt":"2012-07-06T22:16:20","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africas-rand-plumbs-7-day-lows-bonds-weaken\/"},"modified":"2012-07-07T00:16:20","modified_gmt":"2012-07-06T22:16:20","slug":"s-africas-rand-plumbs-7-day-lows-bonds-weaken","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-plumbs-7-day-lows-bonds-weaken\/","title":{"rendered":"S.Africa’s rand plumbs 7-day lows, bonds weaken"},"content":{"rendered":"

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

* Rand near bottom of EM currency basket<\/span><\/p>\n

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

* Govt bonds follow suit, yields off record lows<\/p>\n

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

JOHANNESBURG, July 6<\/span> (Reuters) – South Africa’s rand fell as
\nmuch as 1.75 percent to a 7-day trough against the dollar on
\nFriday as weaker-than-expected U.S. jobs numbers hit global risk
\nsentiment, sending investors scurrying to safe haven assets.<\/p>\n

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

Government bonds moved in tandem, snapping three days of
\ngains with yields pulling back from recent historic lows.<\/p>\n

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

The rand hit a session low of 8.2873 to the
\ngreenback, its softest level since June 29, and was down 1.47
\npercent at 8.2650 by 1533 GMT compared with Thursday’s close at
\n8.1450.<\/p>\n

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

“We’re just following the euro. People had put euro selling
\non hold while we waited for the U.S. non-farms, but the euro’s
\nbeen moving steadily lower since then,” RMB rand trader Jim
\nBryson said.<\/p>\n

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

“We gained earlier this week on the whole risk-on scenario,
\nwe’re now suffering somewhat from the risk-off scenario. But the
\nrand’s still very much in ranges, we’re not breaking levels at
\nwhich we are going to enter the weekend dramatically.”<\/p>\n

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

The rand, highly vulnerable to global volatility because of
\nthe very liquid nature of local markets, has wiped out most of
\nthis week’s earlier gains that had taken it to 7-week highs
\nagainst the greenback.<\/p>\n

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

It was sitting near the bottom of a basket of 20 emerging
\nmarket currencies tracked by Reuters on Friday, outperforming
\nonly the Polish zloty and the Hungarian forint.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Rand near bottom of EM currency basket * Govt bonds follow suit, yields off record lows JOHANNESBURG, July 6 (Reuters) – South Africa’s rand fell as much as 1.75 percent to a 7-day trough against the dollar on Friday as weaker-than-expected U.S. jobs numbers hit global risk sentiment, sending investors scurrying to safe haven […]<\/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-12186","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\/12186","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=12186"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12186\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}