{"id":14497,"date":"2012-09-12T04:15:03","date_gmt":"2012-09-12T02:15:03","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/south-africas-rand-hits-fresh-one-month-high\/"},"modified":"2012-09-12T04:15:03","modified_gmt":"2012-09-12T02:15:03","slug":"south-africas-rand-hits-fresh-one-month-high","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africas-rand-hits-fresh-one-month-high\/","title":{"rendered":"South Africa&#8217;s rand hits fresh one-month high"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand hits a fresh one-month high<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Govt bonds weaken but seen supported<\/p>\n<p><span><\/span><\/p>\n<p>By Tshepo Tshabalala<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Sept 11 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nfollowed the euro and firmed against the dollar on Tuesday<br \/>\ndespite the local current account recording its largest deficit<br \/>\nin nearly four years in the second quarter.<\/p>\n<p><span><\/span><\/p>\n<p>The euro advanced to a four-month high against the dollar on<br \/>\nincreased expectations a German court will back the euro zone<br \/>\nbailout fund, while the greenback fell broadly on speculation<br \/>\nthe Federal Reserve will ease monetary policy further this week<br \/>\nto boost a slumping U.S. economy.<\/p>\n<p><span><\/span><\/p>\n<p>The rand at 1600 GMT traded at 8.1550 against the<br \/>\ndollar, 0.45 percent firmer than Monday&#8217;s New York close of<br \/>\n8.19. It earlier hit a one-month high of 8.1261.<\/p>\n<p><span><\/span><\/p>\n<p>In its latest Quarterly Bulletin, South Africa&#8217;s Reserve<br \/>\nBank said the current account gap widened to 200 billion rand<br \/>\n($24.5 billion) or 6.4 percent of GDP from 4.9 percent in the<br \/>\nfirst quarter.<\/p>\n<p><span><\/span><\/p>\n<p>State spending on wages pushed gross domestic expenditure to<br \/>\n4.7 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The deficit will be in the back of investor&#8217;s minds, but<br \/>\nit&#8217;s not going to be the be-all and end all of the rand,&#8221; said<br \/>\nRMB trader Ian Martin.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand hits a fresh one-month high * Govt bonds weaken but seen supported By Tshepo Tshabalala JOHANNESBURG, Sept 11 (Reuters) &#8211; South Africa&#8217;s rand followed the euro and firmed against the dollar on Tuesday despite the local current account recording its largest deficit in nearly four years in the second quarter. The euro advanced [&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-14497","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\/14497","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=14497"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14497\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}