{"id":6176,"date":"2011-12-16T00:22:12","date_gmt":"2011-12-15T22:22:12","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/s-africas-rand-recoups-some-losses-bonds-firm\/"},"modified":"2011-12-16T00:22:12","modified_gmt":"2011-12-15T22:22:12","slug":"s-africas-rand-recoups-some-losses-bonds-firm","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-rand-recoups-some-losses-bonds-firm\/","title":{"rendered":"S.Africa&#8217;s rand recoups some losses, bonds firm"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Rand recovery likely to be short-lived<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bonds gain, no strong rally seen in 2012<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Dec 15 (Reuters) &#8211; South Africa&#8217;s firmed<br \/>\nagainst the dollar, recovering from two week lows as data showed<br \/>\nU.S. unemployment claims were at a 3-1\/2 year low encouraged<br \/>\ninvestors to take on risk assets.<\/p>\n<p><span><\/span><\/p>\n<p>Government bonds also got a reprieve after a sell-off this<br \/>\nweek and yields trended lower.<\/p>\n<p><span><\/span><\/p>\n<p>This recovery might be short-lived though and the rand will<br \/>\nlikely maintain its weaker tone as long as the euro zone debt<br \/>\ncrisis remains unresolved.<\/p>\n<p><span><\/span><\/p>\n<p>Local traders squared their books ahead of a public holiday<br \/>\non Friday, which is traditionally the start of Christmas<br \/>\nholidays for most market players in South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The currency is on course to register its worst yearly<br \/>\nperformance in three years, having hit a 2-1\/2 year low of 8.61<br \/>\nin November.<\/p>\n<p><span><\/span><\/p>\n<p>The rand was trading at 8.3605 against the dollar<br \/>\nat 1533 GMT, 0.83 percent firmer than Wednesday&#8217;s New York close<br \/>\nof 8.4307. It hit a session high of 8.33.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Euro\/dollar hit new highs for the day after US data showed<br \/>\nthat the American economy is at least on the right track,&#8221; said<br \/>\nChristopher Shiells, emerging market analyst at IGM, adding a<br \/>\nconvincing rand recovery was unlikely before year-end.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Rand recovery likely to be short-lived * Bonds gain, no strong rally seen in 2012 JOHANNESBURG Dec 15 (Reuters) &#8211; South Africa&#8217;s firmed against the dollar, recovering from two week lows as data showed U.S. unemployment claims were at a 3-1\/2 year low encouraged investors to take on risk assets. Government bonds also got [&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-6176","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\/6176","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=6176"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6176\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}