{"id":15807,"date":"2012-10-23T08:01:04","date_gmt":"2012-10-23T06:01:04","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africas-rand-firms-as-spain-boosts-euro\/"},"modified":"2012-10-23T08:01:04","modified_gmt":"2012-10-23T06:01:04","slug":"s-africas-rand-firms-as-spain-boosts-euro","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firms-as-spain-boosts-euro\/","title":{"rendered":"S.Africa&#8217;s rand firms as Spain boosts euro"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand firms on the back of a euro rally<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds unmoved ahead of key data in the week<\/p>\n<p><span><\/span><\/p>\n<p>By Vuyani Ndaba<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Oct 22 (Reuters) &#8211; South Africa&#8217;s rand firmed<br \/>\non Monday against the dollar, boosted by the regional elections<br \/>\nin Spain over the weekend, which removed a potential obstacle to<br \/>\nthe country seeking a bailout.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was almost half a percent firmer at 8.6230<br \/>\nagainst the greenback compared to Friday&#8217;s close of 8.6650,<br \/>\nbuoyed by a rally in the euro after the Spanish election<br \/>\nresults, the currency of its largest trading<br \/>\npartner.<\/p>\n<p><span><\/span><\/p>\n<p>Spain has fallen into its second recession since 2009 and<br \/>\nthe International Monetary Fund forecasts the economy will<br \/>\ncontract by 1.3 percent next year.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The euro is a bit stronger, the dollar weak on the day,<br \/>\nthere is some importer demand here at 8.60,&#8221; said Jan Defouw, a<br \/>\ntrader at Standard Bank.<\/p>\n<p><span><\/span><\/p>\n<p>Bonds were little moved ahead of critical inflation data<br \/>\nthis week which will set the tone interest rates.<\/p>\n<p><span><\/span><\/p>\n<p>The three year edged up half a basis point to<br \/>\n5.395 percent while the 14-year paper rose 1.5 basis points to<br \/>\n7.58 percent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand firms on the back of a euro rally * Bonds unmoved ahead of key data in the week By Vuyani Ndaba JOHANNESBURG, Oct 22 (Reuters) &#8211; South Africa&#8217;s rand firmed on Monday against the dollar, boosted by the regional elections in Spain over the weekend, which removed a potential obstacle to the country [&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-15807","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\/15807","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=15807"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15807\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}