{"id":12236,"date":"2012-07-09T12:24:45","date_gmt":"2012-07-09T10:24:45","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-african-rand-under-pressure-risk-appetite-low\/"},"modified":"2012-07-09T12:24:45","modified_gmt":"2012-07-09T10:24:45","slug":"s-african-rand-under-pressure-risk-appetite-low","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-under-pressure-risk-appetite-low\/","title":{"rendered":"S.African rand under pressure, risk appetite low"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Weak global outlook weighs on sentiment<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Market sees domestic rate cut later this year<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 9<\/span> (Reuters) &#8211; South Africa&#8217;s rand started<br \/>\nthe week under slight pressure alongside other emerging market<br \/>\ncurrencies on Monday, with recent data pointing to a weak global<br \/>\neconomic outlook which should keep risk appetite in check.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was at 8.2675 to the dollar by 0640 GMT,<br \/>\ndown 0.42 percent from Friday&#8217;s close at 8.2333.<\/p>\n<p><span><\/span><\/p>\n<p>With little local news to move the market, the rand should<br \/>\ntake direction mainly from global sentiment, still dour after<br \/>\nlast Friday&#8217;s disappointing U.S. jobs data, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Manufacturing data due out on Thursday is likely to underpin<br \/>\nmarket expectations that the South African Reserve Bank could<br \/>\ncut rates later this year after keeping them at 30-year lows<br \/>\nsince late 2010.<\/p>\n<p><span><\/span><\/p>\n<p>The market is however expecting the key repo rate to remain<br \/>\nat 5.5 percent after next week&#8217;s policy meeting.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This week&#8217;s local data is likely to remain of secondary<br \/>\nimportance, but if manufacturing and mining data heighten local<br \/>\nrate cut expectations then this could hinder the rand from an<br \/>\ninterest rate differential perspective,&#8221; said Absa Capital.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds were flat in early trade, with the yields<br \/>\non the three year 14-year benchmarks<br \/>\nunchanged from Friday&#8217;s closing levels of 5.96 percent and 7.865<br \/>\npercent respectively.<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Ed Stoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Weak global outlook weighs on sentiment * Market sees domestic rate cut later this year JOHANNESBURG, July 9 (Reuters) &#8211; South Africa&#8217;s rand started the week under slight pressure alongside other emerging market currencies on Monday, with recent data pointing to a weak global economic outlook which should keep risk appetite in check. The [&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-12236","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\/12236","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=12236"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12236\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}