{"id":12872,"date":"2012-07-28T01:40:08","date_gmt":"2012-07-27T23:40:08","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-african-rand-firms-on-positive-comments-from-europe\/"},"modified":"2012-07-28T01:40:08","modified_gmt":"2012-07-27T23:40:08","slug":"s-african-rand-firms-on-positive-comments-from-europe","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-rand-firms-on-positive-comments-from-europe\/","title":{"rendered":"S.African rand firms on positive comments from Europe"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand strengthening with a stronger euro<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Currency seen at 8.15 against the dlr<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 27 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nin late Friday trade, lifted by comments from French and German<br \/>\nleaders who promised to do all they could to safeguard the euro,<br \/>\nthe currency of South Africa&#8217;s largest trading partner.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 0.28 percent firmer at 8.2171 against the<br \/>\ngreenback at 1500 GMT, from Thursday&#8217;s New York close of 8.2450.<\/p>\n<p><span><\/span><\/p>\n<p>The euro rallied to a three-week high against the<br \/>\ndollar on Friday as German Chancellor Angela Merkel and French<br \/>\nPresident Fran\u00e7ois Hollande spoke of their readiness to do<br \/>\nanything to safeguard the euro.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand is stronger on a lot stronger euro, very positive<br \/>\nnoises coming out of euro land,&#8221; said Jim Bryson, a trader at<br \/>\nRand Merchant Bank.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The rand has room to move to 8.15 now, certainly if this<br \/>\neuro keeps moving up like this,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p>On the domestic front, Reserve Bank Governor Gill Marcus<br \/>\nsaid the risks to South Africa&#8217;s moderate inflation outlook are<br \/>\nexternal and further interest rate easing will not be<br \/>\n&#8220;automatic.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand strengthening with a stronger euro * Currency seen at 8.15 against the dlr By Vuyani Ndaba JOHANNESBURG, July 27 (Reuters) &#8211; South Africa&#8217;s rand firmed in late Friday trade, lifted by comments from French and German leaders who promised to do all they could to safeguard the euro, the currency of South Africa&#8217;s [&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-12872","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\/12872","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=12872"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12872\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}