{"id":14459,"date":"2012-09-10T16:08:05","date_gmt":"2012-09-10T14:08:05","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-africas-rand-softer-holding-on-to-gains\/"},"modified":"2012-09-10T16:08:05","modified_gmt":"2012-09-10T14:08:05","slug":"s-africas-rand-softer-holding-on-to-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-softer-holding-on-to-gains\/","title":{"rendered":"S.Africa’s rand softer, holding on to gains"},"content":{"rendered":"

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

* Rand held up by possibility of stimulus in the U.S.<\/span><\/p>\n

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

* Currency seen trading 8.15-8.25 range<\/p>\n

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

JOHANNESBURG, Sept 10<\/span> (Reuters) – South Africa’s rand held
\non to gains against the dollar made last week after soft data in
\nthe United States and China reinforced hopes of more stimulus
\nfrom the world’s two biggest economies.<\/p>\n

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

The rand was at 8.1941 at 0622 GMT against the dollar from
\nFriday’s New York close of 8.1750.<\/p>\n

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

“The rand has come back a lot stronger this morning … just
\non the back of the negative U.S. unemployment data on Friday,”
\nsaid Brigid Taylor, head of institutional sales from Nedbank.<\/p>\n

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

Data on Sunday revealed Chinese factories ran at their
\nslowest rate for 39 months in August, while the U.S. payrolls
\nreport on Friday showed jobs growth slowed sharply last month.<\/p>\n

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

Taylor said the rand looked set to trade in range of
\n8.15-8.25 against the greenback.<\/p>\n

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

On Tuesday the Reserve Bank is due to release its quarterly
\nbulletin for the second quarter at 0800 GMT which has the local
\ncurrent account data for the second quarter.<\/p>\n

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

Economists surveyed by Reuters showed the current account
\ndeficit is likely to moderate slightly to 4.7 percent of GDP in
\nthe second quarter of this year from a deficit of 4.9 percent in
\nthe previous quarter due to robust portfolio inflows into
\nassets.<\/p>\n

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

Yields on the government bonds were largely flat, with the
\nyield on three year bond picking up just half a basis
\npoint to 5.375 percent and that on the longer 14-year paper flat
\nat 7.295 percent.<\/p>\n

(Reporting by Vuyani Ndaba; editing by David Dolan)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* Rand held up by possibility of stimulus in the U.S. * Currency seen trading 8.15-8.25 range JOHANNESBURG, Sept 10 (Reuters) – South Africa’s rand held on to gains against the dollar made last week after soft data in the United States and China reinforced hopes of more stimulus from the world’s two biggest economies. […]<\/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-14459","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\/14459","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=14459"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14459\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}