{"id":15753,"date":"2012-10-20T06:13:29","date_gmt":"2012-10-20T04:13:29","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africas-rand-flat-strikes-seen-capping-gains\/"},"modified":"2012-10-20T06:13:29","modified_gmt":"2012-10-20T04:13:29","slug":"s-africas-rand-flat-strikes-seen-capping-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-flat-strikes-seen-capping-gains\/","title":{"rendered":"S.Africa’s rand flat, strikes seen capping gains"},"content":{"rendered":"

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

JOHANNESBURG<\/span> Oct 19 (Reuters) – South Africa’s rand was
\nlargely flat for most of Friday’s Johannesburg trade and worries
\nover strikes in the mining sector are seen capping any
\nsignificant gains.<\/span><\/p>\n

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

The rand was at 8.6401 against the dollar at 1551
\nGMT, barely moved from Thursday’s close at 8.6520.<\/p>\n

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

“All of the big moves kind of already played out early into
\nthe European session … and that’s why you see the rand rather
\nflat today,” said Sean McCalgan, a market analyst at research
\nhouse ETM.<\/p>\n

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

The rand has pulled back significantly since hitting a 3-1\/2
\nlow of 8.9950 to the dollar earlier this month when strikes in
\nthe mining and transport sectors spooked investors.<\/p>\n

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

But as mine workers continue to square off against employers
\nover pay, analysts believe the currency will struggle to gather
\nenough momentum to move towards the 8.15\/20 range that has been
\na key resistance area since July.<\/p>\n

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

“I don’t think there’ll be a serious recovery even if we see
\npositive news out of the mines because the negative impact has
\nalready played out and there’s always potential for strikes to
\nflare up again,” McCalgan said.<\/p>\n

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

Like the rand, government bonds also had a lacklustre
\nsession on Friday, with the yield on the three-year benchmark
\n dipping one basis point to 5.39 percent while the
\n14-year paper closed two basis points lower at 7.565
\npercent.<\/p>\n

(Reporting by Stella Mapenzauswa; Editing by Ruth Pitchford)<\/p>\n

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

\n

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

JOHANNESBURG Oct 19 (Reuters) – South Africa’s rand was largely flat for most of Friday’s Johannesburg trade and worries over strikes in the mining sector are seen capping any significant gains. The rand was at 8.6401 against the dollar at 1551 GMT, barely moved from Thursday’s close at 8.6520. “All of the big moves kind […]<\/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-15753","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\/15753","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=15753"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}