{"id":6059,"date":"2011-12-13T12:13:28","date_gmt":"2011-12-13T10:13:28","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africas-rand-to-stay-on-backfoot-bonds-weaken\/"},"modified":"2011-12-13T12:13:28","modified_gmt":"2011-12-13T10:13:28","slug":"s-africas-rand-to-stay-on-backfoot-bonds-weaken","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-to-stay-on-backfoot-bonds-weaken\/","title":{"rendered":"S.Africa&#8217;s rand to stay on backfoot, bonds weaken"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand could break above 8.30\/dollar<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds weaker ahead of last auction of the year<\/p>\n<p><span><\/span><\/p>\n<p>* Stock futures down slightly<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Dec 13 (Reuters) &#8211; South Africa&#8217;s rand<br \/>\nsteadied against the dollar on Tuesday with the market wary of<br \/>\ntaking on risky assets due to fears of possible sovereign<br \/>\nratings downgrades in the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>The rand fell sharply in the previous session as investors<br \/>\nwere disappointed by a lack of concrete action from euro zone<br \/>\nleaders to end the debt crisis after a summit last week.<\/p>\n<p><span><\/span><\/p>\n<p>Rating agencies warned the summit, viewed by some as a last<br \/>\nchance to save the euro, did not go far enough in easing<br \/>\nimmediate concerns about the region&#8217;s debt markets.<\/p>\n<p><span><\/span><\/p>\n<p>Domestically, the debt market was weaker in line with the<br \/>\ncurrency ahead of a weekly auction &#8211; the last for the year.<br \/>\nResults will be out after 0900 GMT.<\/p>\n<p><span><\/span><\/p>\n<p>Domestic stocks looked set for a negative opening as global<br \/>\nmarkets were in the red. The JSE&#8217;s Top-40 December futures<br \/>\ncontract was slightly down before the start of trade at 0700<br \/>\nGMT.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 8.28 against the dollar at 0644 GMT,<br \/>\nnot far from Monday&#8217;s New York close of 8.27.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand could break above 8.30\/dollar * Bonds weaker ahead of last auction of the year * Stock futures down slightly JOHANNESBURG, Dec 13 (Reuters) &#8211; South Africa&#8217;s rand steadied against the dollar on Tuesday with the market wary of taking on risky assets due to fears of possible sovereign ratings downgrades in the euro [&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-6059","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\/6059","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=6059"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6059\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}