{"id":15423,"date":"2012-10-09T17:42:13","date_gmt":"2012-10-09T15:42:13","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/corrected-s-africa-rand-firms-vs-dollar-but-near-3-12-yr-low\/"},"modified":"2012-10-09T17:42:13","modified_gmt":"2012-10-09T15:42:13","slug":"corrected-s-africa-rand-firms-vs-dollar-but-near-3-12-yr-low","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-s-africa-rand-firms-vs-dollar-but-near-3-12-yr-low\/","title":{"rendered":"CORRECTED-S.Africa rand firms vs dollar but near 3-1\/2 yr low"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Corrects throughout to show rand firmer, not weaker)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rand reverses losses vs dollar<\/p>\n<p><span><\/span><\/p>\n<p>* Treasury weekly auction results after 0900 GMT<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 9 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\nbut remained near a 3-1\/2 year low against the dollar on Tuesday<br \/>\ndue to weeks of labour unrest that have rattled investors in<br \/>\nAfrica&#8217;s biggest economy.<\/p>\n<p><span><\/span><\/p>\n<p>By 0635 GMT, the rand was trading at 8.8454 to the<br \/>\ngreenback, a touch stronger than Monday&#8217;s New York close of<br \/>\n8.8730.<\/p>\n<p><span><\/span><\/p>\n<p>During the previous session, the rand fell more than two<br \/>\npercent to 8.995 &#8211; its lowest since April 2009 &#8211; but then<br \/>\nretraced its steps.<\/p>\n<p><span><\/span><\/p>\n<p>Despite support at 9.0, analysts say the rand is likely to<br \/>\nremain under pressure with no end in sight to the strikes that<br \/>\nhave hit the mining, manufacturing and transport sectors.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We don&#8217;t see any change in the status quo. Things are still<br \/>\npoor. It looks like the market&#8217;s found some kind of equilibrium<br \/>\nfor now,&#8221; said David Gracey, a currency trader for Investec.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds, which slid with the rand on Monday, also<br \/>\nfound a bit of a firm footing to trade higher.<\/p>\n<p><span><\/span><\/p>\n<p>The yield on the three-year benchmark was 4 basis<br \/>\npoints lower to 5.49 percent and that for the 14-year issue<br \/>\n dropped 5.5 basis points at 7.82 percent.<\/p>\n<p><span><\/span><\/p>\n<p>Treasury will sell a total of 2.1 billion rand ($236<br \/>\nmillion) over a range of its 2023, 2021 and 2031<br \/>\n government bonds in the session. Results are due after<br \/>\nthe auction closes at 0900 GMT.<br \/>\n($1 = 8.8828 South African rand)<\/p>\n<p> (Reporting By Tshepo Tshabalala; Editing by Jon Herskovitz)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Corrects throughout to show rand firmer, not weaker) * Rand reverses losses vs dollar * Treasury weekly auction results after 0900 GMT JOHANNESBURG, Oct 9 (Reuters) &#8211; South Africa&#8217;s rand firmed but remained near a 3-1\/2 year low against the dollar on Tuesday due to weeks of labour unrest that have rattled investors in Africa&#8217;s [&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-15423","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\/15423","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=15423"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15423\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}