{"id":13277,"date":"2012-08-08T02:15:22","date_gmt":"2012-08-08T00:15:22","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africas-rand-firms-tracks-euro\/"},"modified":"2012-08-08T02:15:22","modified_gmt":"2012-08-08T00:15:22","slug":"s-africas-rand-firms-tracks-euro","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firms-tracks-euro\/","title":{"rendered":"S.Africa&#8217;s rand firms, tracks euro"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand firms on hopes of ECB action<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Local currency looking to break 8.11\/usd level<\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaken on profit taking<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Aug 7 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nagainst the dollar on Tuesday, following an uptick in the euro<br \/>\nfor the third straight session on convictions that the European<br \/>\nCentral Bank will act to tackle the euro zone debt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>At 1550 GMT, the rand was almost half a percent stronger at<br \/>\n8.1302 against the dollar from Monday night&#8217;s New York close of<br \/>\n8.170.<\/p>\n<p><span><\/span><\/p>\n<p>Expectations the ECB could step in next month to reduce<br \/>\ncrippling Spanish and Italian borrowing costs have sparked a<br \/>\nglobal rally in risky assets since Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The correlation between the U.S. dollar to the rand and the<br \/>\neuro to the dollar has been quite evident,&#8221; said Anisha Arora,<br \/>\nemerging market analyst at 4CAST.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Whether the dollar-rand can break the strong 8.11 support<br \/>\ndepends on external drivers.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Government bond yields jumped in late afternoon trade on<br \/>\nTuesday as investors pocketed profits two days ahead of a<br \/>\nnational holiday.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand firms on hopes of ECB action * Local currency looking to break 8.11\/usd level * Bonds weaken on profit taking JOHANNESBURG, Aug 7 (Reuters) &#8211; South Africa&#8217;s rand firmed against the dollar on Tuesday, following an uptick in the euro for the third straight session on convictions that the European Central Bank will [&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-13277","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\/13277","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=13277"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13277\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}