{"id":16415,"date":"2012-11-05T20:32:15","date_gmt":"2012-11-05T18:32:15","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/s-africas-rand-firms-slightly-awaits-u-s-vote\/"},"modified":"2012-11-05T20:32:15","modified_gmt":"2012-11-05T18:32:15","slug":"s-africas-rand-firms-slightly-awaits-u-s-vote","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-firms-slightly-awaits-u-s-vote\/","title":{"rendered":"S.Africa’s rand firms slightly, awaits U.S. vote"},"content":{"rendered":"

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

JOHANNESBURG<\/span> Nov 5 (Reuters) – South Africa’s rand firmed
\nslightly against the dollar on Monday but failed to break out of
\na recent trading range amid uncertainty over the outcome of this
\nweek’s U.S. election and more concerns about euro zone debt.<\/span><\/p>\n

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

By 1540 GMT, the rand was trading at 8.7060 against
\nthe greenback, 0.58 percent firmer than Friday’s close of 8.7570
\nin New York.<\/p>\n

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

“We’re generally in the range for the time being. There’s
\nvery little interest at the moment,” said Lee Naisbitt, a trader
\nat Rand Merchant Bank trader. “We are back down at support at
\n8.68 – 8.72 levels.”<\/p>\n

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

The currency hit a 1-1\/2 week low on Friday after the dollar
\njumped on the back of data showing that the world’s largest
\neconomy had created more jobs than expected in September.<\/p>\n

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

Uncertainty about the U.S. election, in which incumbent
\nBarack Obama and Republican Mitt Romney are neck and neck in the
\npolls, encouraged safe-haven flows into the U.S. currency.<\/p>\n

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

The euro continued to get hammered, falling to a near
\ntwo-month low against the greenback amid concerns that Greece
\nwill get approval on Wednesday to secure more international aid
\nthat will allow it to stay inside the euro zone.<\/p>\n

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

Government bonds were roughly steady, with yields rising a
\nsingle basis point on both the benchmark 2026 issue
\nand the shorter-dated paper to 7.695 percent and 5.475
\npercent respectively.<\/p>\n

(Reporting By Tshepo Tshabalala; Editing by Ed Cropley)<\/p>\n

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

\n

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

JOHANNESBURG Nov 5 (Reuters) – South Africa’s rand firmed slightly against the dollar on Monday but failed to break out of a recent trading range amid uncertainty over the outcome of this week’s U.S. election and more concerns about euro zone debt. By 1540 GMT, the rand was trading at 8.7060 against the greenback, 0.58 […]<\/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-16415","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\/16415","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=16415"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16415\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}