{"id":12473,"date":"2012-07-17T00:53:46","date_gmt":"2012-07-16T22:53:46","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-africas-rand-gains-on-qe3-hopes-bonds-firm\/"},"modified":"2012-07-17T00:53:46","modified_gmt":"2012-07-16T22:53:46","slug":"s-africas-rand-gains-on-qe3-hopes-bonds-firm","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-gains-on-qe3-hopes-bonds-firm\/","title":{"rendered":"S.Africa&#8217;s rand gains on QE3 hopes, bonds firm"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand gains in late afternoon trade<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Poor U.S. retail sales provide hope for QE3<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 16<\/span> (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nagainst the dollar on Monday and bond yields fell to record lows<br \/>\nahead of Federal Reserve Chairman Ben Bernanke&#8217;s congressional<br \/>\ntestimony this week, which investors hoping will hint at another<br \/>\nround of U.S. stimulus.<\/p>\n<p><span><\/span><\/p>\n<p>The rand firmed half a percent to 8.2107 against<br \/>\nthe dollar at 1544 GMT, from Friday&#8217;s New York close of 8.2625<br \/>\non Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Looking at the week ahead, there is likely to be some<br \/>\nfollow through of this positive sentiment,&#8221; said ETM Analytics<br \/>\nin a client note.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Fed Chairman Ben Bernake&#8217;s bi-annual report back session to<br \/>\nCongress on Tuesday where he may hint at further QE<br \/>\n(quantitative easing) and there is no reason to turn overly<br \/>\nbearish in the short term.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The rand also found some support after a poor U.S. retail<br \/>\nsales report offered investors more hope for potential stimulus<br \/>\nto the world&#8217;s biggest economy.<\/p>\n<p><span><\/span><\/p>\n<p>The data showed that retail sales in the world&#8217;s largest<br \/>\neconomy fell for the third straight month in June as demand<br \/>\nslumped for everything from cars and electronics to building<br \/>\nmaterials, a sign the economic recovery is<br \/>\nflagging.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds picked up from where they left off last<br \/>\nweek with yields falling to record lows.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand gains in late afternoon trade * Poor U.S. retail sales provide hope for QE3 JOHANNESBURG, July 16 (Reuters) &#8211; South Africa&#8217;s rand firmed against the dollar on Monday and bond yields fell to record lows ahead of Federal Reserve Chairman Ben Bernanke&#8217;s congressional testimony this week, which investors hoping will hint at another [&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-12473","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\/12473","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=12473"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12473\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}