{"id":13231,"date":"2012-08-06T14:10:15","date_gmt":"2012-08-06T12:10:15","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/rand-holds-steady-vs-dollar-riskier-assets-supported\/"},"modified":"2012-08-06T14:10:15","modified_gmt":"2012-08-06T12:10:15","slug":"rand-holds-steady-vs-dollar-riskier-assets-supported","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-holds-steady-vs-dollar-riskier-assets-supported\/","title":{"rendered":"Rand holds steady vs dollar, riskier assets supported"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 6 (Reuters) &#8211; The rand was steady near a<br \/>\ntwo-week high early on Monday, starting the week on the front<br \/>\nfoot after better-than-expected U.S. payrolls data on Friday<br \/>\nboosted riskier assets.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The unit is likely to have a quiet but firmer session on<br \/>\nMonday with no data expected until Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was at 8.1330 at 0610 GMT, compared to a<br \/>\n8.1351 close on Friday. It needs to break through resistance<br \/>\naround 8.1148, its 100-day moving average, to open up the big<br \/>\n8.06 barrier last hit in early July.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Markets have rallied quiet hard on the back of the<br \/>\nbetter-than-expected non-farm payroll data from Friday. All risk<br \/>\nappetite is back on,&#8221; said Brigid Taylor, head of institutional<br \/>\nsales at Nedbank.<\/p>\n<p><span><\/span><\/p>\n<p>Offshore investors are buying local bonds after a sell-off<br \/>\ntwo weeks ago. Yields were steady at Friday&#8217;s closing levels,<br \/>\nwaiting for clearer moves from the currency but the bias was for<br \/>\nlower yields in the session.<\/p>\n<p><span><\/span><\/p>\n<p>The 2015 yield was at 5.44 percent while the 2026<br \/>\n held at 7.275 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s foreign demand again. We can expect to see support<br \/>\nof the likes of South Africa and other emerging markets that<br \/>\noffer value, and from that perspective we can expect the rand to<br \/>\nremain relatively strong,&#8221; Nedbank&#8217;s Taylor said.<\/p>\n<p><span><\/span><\/p>\n<p>Early on Tuesday the central bank will release its latest<br \/>\nreserves data. July numbers are expected to show slightly more<br \/>\ngold and foreign exchange was accumulated by the Reserve Bank<br \/>\ncompared with the previous month. The data is due at 0600 GMT.<\/p>\n<p> (Reporting by Xola Potelwa; Editing by Ed Cropley)<\/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>JOHANNESBURG Aug 6 (Reuters) &#8211; The rand was steady near a two-week high early on Monday, starting the week on the front foot after better-than-expected U.S. payrolls data on Friday boosted riskier assets. The unit is likely to have a quiet but firmer session on Monday with no data expected until Tuesday. The rand was [&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-13231","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\/13231","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=13231"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13231\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}