{"id":15394,"date":"2012-10-09T05:39:05","date_gmt":"2012-10-09T03:39:05","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africas-rand-falls-to-brink-of-9-00-per-dlr\/"},"modified":"2012-10-09T05:39:05","modified_gmt":"2012-10-09T03:39:05","slug":"s-africas-rand-falls-to-brink-of-9-00-per-dlr","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-falls-to-brink-of-9-00-per-dlr\/","title":{"rendered":"S.Africa&#8217;s rand falls to brink of 9.00 per dlr"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand, bonds hit by more labour unrest worries<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* More volatile trading expected in the week<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 8 (Reuters) &#8211; South Africa&#8217;s rand fell to<br \/>\na 3-1\/2 year low against the dollar on Monday and came close of<br \/>\nbreaching the key 9.0 rand level as mining and other strikes<br \/>\ncontinued to shake investor confidence.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was 1.5 percent weaker against the dollar<br \/>\nat 8.9186 at 1400 GMT, from New York&#8217;s Friday close of 8.79.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds also took a hammering, with the yields rising as much<br \/>\nas 11 basis points to 5.53 percent on the three-year benchmark<br \/>\n, while that for the 2026 issue soared 24<br \/>\nbasis points to 7.905 percent.<\/p>\n<p><span><\/span><\/p>\n<p>In mid-session, the rand fell to 8.995, its lowest since<br \/>\nApril 2009, but then retraced its steps, prompting market talk<br \/>\nthat the central bank may have been supporting the currency.<\/p>\n<p><span><\/span><\/p>\n<p>The bank did not respond to requests for comment. It has<br \/>\nrepeatedly said it does not target a level for the currency.<\/p>\n<p><span><\/span><\/p>\n<p>Despite the support at 9.0, analysts say the rand is likely<br \/>\nto remain under pressure from investors nervous about the<br \/>\nprospects for Africa&#8217;s biggest economy as strikes rumble from<br \/>\nits platinum and gold mines into other sectors.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand, bonds hit by more labour unrest worries * More volatile trading expected in the week By Vuyani Ndaba JOHANNESBURG, Oct 8 (Reuters) &#8211; South Africa&#8217;s rand fell to a 3-1\/2 year low against the dollar on Monday and came close of breaching the key 9.0 rand level as mining and other strikes continued [&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-15394","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\/15394","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=15394"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15394\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}