{"id":13583,"date":"2012-08-17T02:51:43","date_gmt":"2012-08-17T00:51:43","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/rand-ends-firmer-vs-dollar-but-seen-weaker\/"},"modified":"2012-08-17T02:51:43","modified_gmt":"2012-08-17T00:51:43","slug":"rand-ends-firmer-vs-dollar-but-seen-weaker","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rand-ends-firmer-vs-dollar-but-seen-weaker\/","title":{"rendered":"Rand ends firmer vs dollar but seen weaker"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Rand coming back from a near 2-week low<\/span><\/p>\n

<\/span><\/p>\n

* Likely to break 8.30, opens up 8.38 and 8.50 rand<\/p>\n

<\/span><\/p>\n

* Longer-maturity bonds rise on auction announcement<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, Aug 16 (Reuters) – South Africa’s rand
\nrecovered from a near two-week low against the dollar on
\nThursday, tracking a firmer euro, but analysts said the currency
\nmay weaken again as investors push out expectations for further
\nglobal monetary easing.<\/p>\n

<\/span><\/p>\n

The rand was also left vulnerable by foreigners steadily
\nselling bonds in line with a global trend, removing the rand’s
\nusual cushion, while the longer end of the yield curve climbed
\nin anticipation of extra issuance.<\/p>\n

<\/span><\/p>\n

By 1604 GMT the currency was at 8.2110\/dollar, recovering
\nfrom a 8.2940\/dollar hit earlier in the session, its worst since
\nAugust 3. It closed at 8.2365 in New York and needs to fall
\nthrough 8.38, its previous low, to test weaker levels close to
\n8.50 support.<\/p>\n

<\/span><\/p>\n

“The rand is not doing that well actually,” said Jim Bryson,
\na trader at Rand MB.<\/p>\n

<\/span><\/p>\n

Dealers said the rand was suffering as surprisingly strong
\nU.S. retail sales data decreased expectations the Federal
\nReserve will launch a third round of quantitative easing at its
\npolcy-setting meeting.<\/p>\n

<\/span><\/p>\n

Currency investors seemed to be shrugging off reports that
\n18 people may have died in a violent clash with police at a
\nLonmin platinum mine, the world’s third-largest
\nproducer of the metal, in the northwest of Johannesburg on
\nThursday.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand coming back from a near 2-week low * Likely to break 8.30, opens up 8.38 and 8.50 rand * Longer-maturity bonds rise on auction announcement JOHANNESBURG, Aug 16 (Reuters) – South Africa’s rand recovered from a near two-week low against the dollar on Thursday, tracking a firmer euro, but analysts said the currency […]<\/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-13583","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\/13583","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=13583"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}