{"id":6011,"date":"2011-12-12T12:13:01","date_gmt":"2011-12-12T10:13:01","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africas-rand-weaker-seen-under-pressure\/"},"modified":"2011-12-12T12:13:01","modified_gmt":"2011-12-12T10:13:01","slug":"s-africas-rand-weaker-seen-under-pressure","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-weaker-seen-under-pressure\/","title":{"rendered":"S.Africa&#8217;s rand weaker, seen under pressure"},"content":{"rendered":"<p>\t\t<span id=\"midArticle_start\"><\/span><\/p>\n<p>* Rand could inch toward 8.20\/dollar<span id=\"midArticle_byline\"><\/span><\/p>\n<p><span id=\"midArticle_0\"><\/span><\/p>\n<p>* Bonds firm slightly, stock futures down<\/p>\n<p><span id=\"midArticle_1\"><\/span><\/p>\n<p>* CPI on Wednesday, seen at 6.2 pct y\/y<\/p>\n<p><span id=\"midArticle_2\"><\/span><\/p>\n<p>JOHANNESBURG, Dec 12 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nstarted weaker against the dollar on Monday and was seen under<br \/>\npressure as the market was disappointed by Friday&#8217;s European<br \/>\nUnion summit, which did not offer a concrete deal to end the<br \/>\neuro zone debt crisis.<\/p>\n<p><span id=\"midArticle_3\"><\/span><\/p>\n<p>Except for Britain, the EU states decided at a summit to<br \/>\npursue stricter budget rules for the single currency area and to<br \/>\nprovide up to 200 billion euros in bilateral loans to the<br \/>\nInternational Monetary Fund to help tackle the crisis.<\/p>\n<p><span id=\"midArticle_4\"><\/span><\/p>\n<p>The rand was trading at 8.13 against the dollar at<br \/>\n0640 GMT, 0.56 percent weaker than Friday&#8217;s New York close of<br \/>\n8.0850.<\/p>\n<p><span id=\"midArticle_5\"><\/span><\/p>\n<p>&#8220;There are some aspects of the EU stance that are ok, but<br \/>\noverall the market is disappointed with the deal,&#8221; said Warrick<br \/>\nButler, a dealer at Standard Bank.<\/p>\n<p><span id=\"midArticle_6\"><\/span><\/p>\n<p>&#8220;We might have a bit of a pullback on the rand up to that<br \/>\n8.20 level. The 8.18\/20 level is a pivotal level but I don&#8217;t<br \/>\nthink the pullback will be too extended,&#8221; he said, adding the<br \/>\nexporter sellers of dollar are likely to come in around 8.18\/20.<\/p>\n<p><span id=\"midArticle_7\"><\/span><\/p>\n<p>Liquidity conditions are becoming thinner as holidays get<br \/>\nunderway domestically, so moves are likely to be exaggerated.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span id=\"midArticle_8\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand could inch toward 8.20\/dollar * Bonds firm slightly, stock futures down * CPI on Wednesday, seen at 6.2 pct y\/y JOHANNESBURG, Dec 12 (Reuters) &#8211; South Africa&#8217;s rand started weaker against the dollar on Monday and was seen under pressure as the market was disappointed by Friday&#8217;s European Union summit, which did not [&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-6011","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\/6011","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=6011"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6011\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}