{"id":12984,"date":"2012-07-31T01:49:07","date_gmt":"2012-07-30T23:49:07","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/rand-weakens-within-range-8-15-forms-barrier\/"},"modified":"2012-07-31T01:49:07","modified_gmt":"2012-07-30T23:49:07","slug":"rand-weakens-within-range-8-15-forms-barrier","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-weakens-within-range-8-15-forms-barrier\/","title":{"rendered":"Rand weakens within range, 8.15 forms barrier"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* S.Africa&#8217;s currency in 8.16-8.22 range vs dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Needs to break through 8.15 resistance<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 30<\/span> (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nweakened against the dollar as importers came into the market at<br \/>\nthe lower 8 level on Monday but the currency failed to break out<br \/>\nof Friday&#8217;s range, waiting for key events later in the week<br \/>\nbefore it tries for new levels.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell 0.56 percent to the dollar at 8.2020<br \/>\nby 1530 GMT, compared to a 8.1560 close in new York on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are seeing a lot of importer demand which was absent for<br \/>\nmost of last week when we were at higher levels on dollar\/rand.<br \/>\nThere&#8217;s been talk of oil companies buying, I think those that<br \/>\ndidn&#8217;t buy last week because the levels were expensive are quite<br \/>\nhappy now,&#8221; said Ion de Vleeschauwer, dealer at Bidvest Bank.<\/p>\n<p><span><\/span><\/p>\n<p>The unit was coming off 8.50 levels hit last week.<\/p>\n<p><span><\/span><\/p>\n<p>Volume was thin on Monday and dealers said they would wait<br \/>\nfor domestic jobless numbers and expected global monetary<br \/>\nstimulus before taking clear positions.<\/p>\n<p><span><\/span><\/p>\n<p>Second quarter employment data on Tuesday will give pointers<br \/>\nabout the economy&#8217;s growth trend as the mining sector sheds<br \/>\njobs, while later in the week focus will be on the European<br \/>\nCentral Bank and U.S. Federal Reserve&#8217;s policy setting meetings.<\/p>\n<p><span><\/span><\/p>\n<p>Investors are expecting policy action to help the euro zone<br \/>\nout of crisis and boost the soft United States economy.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* S.Africa&#8217;s currency in 8.16-8.22 range vs dollar * Needs to break through 8.15 resistance JOHANNESBURG, July 30 (Reuters) &#8211; South Africa&#8217;s rand weakened against the dollar as importers came into the market at the lower 8 level on Monday but the currency failed to break out of Friday&#8217;s range, waiting for key events later [&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-12984","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\/12984","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=12984"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}